112.008 – CAPACITY OF TRUSTEE. (a) The trustee must have
Texas Property Code § 112.008
Summary
This law outlines the qualifications required for a trustee to manage trust property in Texas. It specifies that individuals or corporations must have the legal capacity to act as trustees, and being a beneficiary does not disqualify someone from serving as a trustee if they meet other qualifications.
Trustees must have legal capacity to manage trust property.
Beneficiaries can also serve as trustees if qualified.
Corporate trustees must have authority to act in Texas.
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In simple terms: Learn about Texas's CAPACITY OF TRUSTEE. (a) The trustee must have law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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