114.062 – EXONERATION OR REIMBURSEMENT FOR TORT. (a)
Texas Property Code § 114.062
Summary
This law allows trustees to be exonerated from trust property for personal liability incurred during trust administration, provided they were acting within the scope of their duties. If the trustee has already paid the claim, they can seek reimbursement from the trust property.
Trustees can be exonerated from trust property for torts incurred in trust activities.
Reimbursement is available if the trustee has already paid the tort claim.
Protection applies only if the trustee was engaged in proper business activities.
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In simple terms: Learn about Texas's EXONERATION OR REIMBURSEMENT FOR TORT. (a) 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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