113.005 – ACQUISITION OF UNDIVIDED INTERESTS. A trustee
Texas Property Code § 113.005
Summary
This law allows a trustee to purchase all or part of the remaining undivided interest in property held by the trust. It affects trustees managing properties with shared ownership interests, enabling them to consolidate control over the property.
Trustees can acquire remaining undivided interests in trust property.
Applies to properties with shared ownership among multiple parties.
Facilitates consolidation of property interests for better management.
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In simple terms: Learn about Texas's ACQUISITION OF UNDIVIDED INTERESTS. A trustee 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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