Tex. Prop. Code § 117.009 · Chapter 117. UNIFORM PRUDENT INVESTOR ACT
INVESTMENT COSTS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1103, Sec. 1, eff. Jan. 1, 2004.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.117.htm
- Text hash
- sha256 9e1c4b0a5ba294cf6ed9af0364dc4ac3f41179a2e3723291476d7c715608bb09
- 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.