Tex. Prop. Code § 113.052 · Subchapter B. DUTIES OF TRUSTEE
LOAN OF TRUST FUNDS TO TRUSTEE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Subsection (b) of this section, a trustee may not lend trust funds to:
(1) the trustee or an affiliate;
(2) a director, officer, or employee of the trustee or an affiliate;
(3) a relative of the trustee; or
(4) the trustee's employer, employee, partner, or other business associate.
(b) This section does not prohibit:
(1) a loan by a trustee to a beneficiary of the trust if the loan is expressly authorized or directed by the instrument or transaction establishing the trust; or
(2) a deposit by a corporate trustee with itself under Section 113.057 of this Act.
Notes and commentary — not statutory text
History
Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.
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 0dcd9a8dfd69ab3568cbdb43642128b69c33702f8764a859eb181ceaf34c5090
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 3 provisions
Provisions in this library whose text cites Tex. Prop. Code § 113.052. Each shows the citation as that text prints it.
Finance Code
- Tex. Fin. Code § 33.108CRIMINAL OFFENSES.Printed as Section 113.052, Property Code
- Tex. Fin. Code § 183.103BOARD OF DIRECTORS, MANAGERS, OR MANAGING PARTICIPANTS.Printed as Section 113.052 or 113.053(a), Property Code
- Tex. Fin. Code § 183.106OFFICERS.Printed as Section 113.052 or 113.053(a), Property Code
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.