113.006 – GENERAL AUTHORITY TO MANAGE AND INVEST TRUST
Texas Property Code § 113.006
Summary
This law grants trustees the authority to manage and invest trust property as they see fit, even if the investment period exceeds the trust's duration. It ensures that trustees have flexibility in making investment decisions to benefit the trust's beneficiaries.
Trustees can manage and invest trust property freely.
Investments can extend beyond the trust's term.
Trustees must still comply with Chapter 117 requirements.
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In simple terms: Learn about Texas's GENERAL AUTHORITY TO MANAGE AND INVEST TRUST 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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