Tex. Prop. Code § 114.063 · Subchapter C. RIGHTS OF TRUSTEE
GENERAL RIGHT TO REIMBURSEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A trustee may discharge or reimburse himself from trust principal or income or partly from both for:
(1) advances made for the convenience, benefit, or protection of the trust or its property;
(2) expenses incurred while administering or protecting the trust or because of the trustee's holding or owning any of the trust property; and
(3) expenses incurred for any action taken under Section 113.025.
(b) The trustee has a lien against trust property to secure reimbursement under Subsection (a).
(c) A potential trustee is entitled to reimbursement from trust principal or income or partly from both for reasonable expenses incurred for any action taken under Section 113.025(a) if:
(1) a court orders reimbursement or the potential trustee has entered into a written agreement providing for reimbursement with the personal representative of the estate, the trustee of the trust, the settlor, the settlor's attorney-in-fact, the settlor's personal representative, or the person or entity designated in the trust instrument or will to appoint a trustee; and
(2) the potential trustee has been appointed trustee under the terms of the trust instrument or will or has received a written request to accept the trust from the settlor, the settlor's attorney-in-fact, the settlor's personal representative, or the person or entity designated in the trust instrument or will to appoint a trustee.
Notes and commentary — not statutory text
History
Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984. Amended by Acts 1993, 73rd Leg., ch. 846, Sec. 31, eff. Sept. 1, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.114.htm
- Text hash
- sha256 f34d22afe30b954acd728018582ea4bbac81c23b5631e984c784f1718190d5ed
- 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.
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.