Tex. Prop. Code § 113.054 · Subchapter B. DUTIES OF TRUSTEE

SALES FROM ONE TRUST TO ANOTHER.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

A trustee of one trust may not sell property to another trust of which it is also trustee unless the property is:

(1) a bond, note, bill, or other obligation issued or fully guaranteed as to principal and interest by the United States; and

(2) sold for its current market price.

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 433e70d2e42ab03225cfe7494f8704a86b1903c3613a9119c5c56ee9ad27c248
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.