Tex. Prop. Code § 112.121 · Subchapter F. NONCHARITABLE TRUST WITHOUT ASCERTAINABLE BENEFICIARY
VALIDITY OF TRUST; APPLICABILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A trust may be created for a noncharitable purpose without a definite or definitely ascertainable beneficiary. A noncharitable purpose may include seeking economic or noneconomic benefits.
(b) This subchapter does not apply to a trust created under Section 112.037.
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 1121 (H.B. 2333), Sec. 2, eff. June 18, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.112.htm
- Text hash
- sha256 0036eb77b0e82261e930929396bcdf8b9c12edf4fd6accb55c5342c882b2db19
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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