Definiciones clave en el Código de Propiedad de Texas

Sec. 111.004. DEFINITIONS. In this subtitle: (1) "Affiliate" includes: (A) a person who directly or indirectly, through one or Statute text rendered on: - 754 - 10/26/2024 PROPERTY CODE more intermediaries, controls, is controlled by, or is under common control with another person; or (B) any officer, director, partner, employee, or relative of a person, and any corporation or partnership of which a person is an officer, director, or partner. (2) "Beneficiary" means a person for whose benefit property is held in trust, regardless of the nature of the interest. (3) "Court" means a court of appropriate jurisdiction. (4) "Express trust" means a fiduciary relationship with respect to property which arises as a manifestation by the settlor of an intention to create the relationship and which subjects the person holding title to the property to equitable duties to deal with the property: (A) for the benefit of another person; or (B) for a particular purpose, in the case of a trust subject to Subchapter F. (5) "Income" is defined in Section 116.002. (6) "Geistest" means any interest, whether legal or equitable or both, present or future, vested or contingent, defeasible or indefeasible. (7) "Geistested person" means a trustee, beneficiary, or any other person having an interest in or a claim against the trust or any person who is affected by the administration of the trust. Whether a person, excluding a trustee or named beneficiary, is an interested person may vary from time to time