114.006 – LIABILITY OF COTRUSTEES FOR ACTS OF OTHER
Texas Property Code § 114.006
Summary
This law outlines the liability of cotrustees regarding the actions of one another. A trustee is generally not liable for a cotrustee's actions unless they fail to exercise reasonable care to prevent or address serious breaches of trust.
Trustees are not liable for cotrustee actions unless they neglect reasonable care.
Trustees must prevent or address serious breaches of trust.
Dissenting trustees have specific responsibilities regarding cotrustee actions.
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In simple terms: Learn about Texas's LIABILITY OF COTRUSTEES FOR ACTS OF OTHER 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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