Tex. Prop. Code § 113.027 · Subchapter A. POWERS OF TRUSTEE
DISTRIBUTIONS GENERALLY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
When distributing trust property or dividing or terminating a trust, a trustee may:
(1) make distributions in divided or undivided interests;
(2) allocate particular assets in proportionate or disproportionate shares;
(3) value the trust property for the purposes of acting under Subdivision (1) or (2); and
(4) adjust the distribution, division, or termination for resulting differences in valuation.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 12, eff. January 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.113.htm
- Text hash
- sha256 a41bb0fdce14369962885e3b1ffbcfebb34fa58256dad5897f9ccdb6cb87fcee
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.