Definiciones clave sobre fideicomisos en el Código de Propiedad de Texas

The terms "grantor" and "trustor" mean the same as "settlor." (15) "Terms of the trust" means the manifestation of intention of the settlor with respect to the trust expressed in a manner that admits of its proof in judicial proceedings. (16) "Transaction" means any act performed by a settlor, trustee, or beneficiary in relation to a trust, including the creation or termination of a trust, the investment of trust property, a breach of duty, the receipt of trust property, the receipt of income or the incurring of expense, a distribution of trust property, an entry in the books and records of the trust, and an accounting by a trustee to any person entitled to receive an accounting. Statute text rendered on: - 756 - 10/26/2024 PROPERTY CODE (17) "Trust property" means property placed in trust by one of the methods specified in Section 112.001 or property otherwise transferred to or acquired or retained by the trustee for the trust. (18) "Trustee" means the person holding the property in trust, including an original, additional, or successor trustee, whether or not the person is appointed or confirmed by a court. (19) "Employees' trust" means: (A) a trust that forms a part of a stock-bonus, pension, or profit-sharing plan under Section 401, Internal Revenue Code of 1954 (26 U.S.C.A. Sec. 401 (1986)); (B) a pension trust under Chapter 111; and (C) an employer-sponsored benefit plan or program, or any other retirement savings arrangement, including a pension plan created under Sect