114.081 – PROTECTION OF PERSON DEALING WITH TRUSTEE. (a)
Texas Property Code § 114.081
Summary
This law protects individuals who engage with a trustee in good faith, ensuring they are not held liable for the trustee's unauthorized actions. It applies to anyone dealing with a trustee, provided they receive fair value and do not need to investigate the trustee's authority.
Protects good faith dealings with trustees from liability.
No inquiry into trustee's authority required for non-beneficiaries.
Applies only if fair value is received by the trust.
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In simple terms: Learn about Texas's PROTECTION OF PERSON DEALING WITH TRUSTEE. (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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