Tex. Prop. Code § 82.115 · Subchapter C. CONDOMINIUM MANAGEMENT
ASSOCIATION AS TRUSTEE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A third person dealing with an association in the association's capacity as a trustee may assume without inquiry the existence of trust powers and their proper exercise by the association. A third person who lacks actual knowledge that an association is exceeding or improperly exercising its powers is fully protected in dealing with the association as if the association possessed and properly exercised the powers it purports to exercise. A third person is not bound to ensure the proper application of trust assets paid or delivered to an association in its capacity as trustee.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 244, Sec. 1, eff. Jan. 1, 1994.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.82.htm
- Text hash
- sha256 01e16b96dcc61a6cdda4fb5dc1847ad4e04b41d9b28b345a8c93c0a13db81419
- 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.