114.007 – EXCULPATION OF TRUSTEE. (a) A term of a trust
Texas Property Code § 114.007
Summary
This law invalidates any trust provision that attempts to exempt a trustee from liability for certain breaches of trust. It specifically targets breaches that occur in bad faith, intentionally, or with reckless disregard for beneficiaries' interests, as well as profits gained from such breaches.
Trustees cannot escape liability for bad faith actions.
Exculpatory clauses are unenforceable for intentional breaches.
Trustees must account for profits from breaches of trust.
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In simple terms: Learn about Texas's EXCULPATION OF TRUSTEE. (a) A term of a 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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