116.005[2/2] – TRUSTEE'S POWER TO ADJUST. (a) A trustee may
Texas Property Code § 116.005[2/2]
Summary
This law allows trustees to adjust distributions between income and principal under certain conditions. It clarifies the authority of cotrustees when multiple trustees are involved and outlines the ability to release adjustment powers if uncertainty arises.
Trustees can adjust distributions between income and principal.
Cotrustees may act if the adjustment doesn't apply to them.
Trustees can release their adjustment powers if uncertain.
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In simple terms: Learn about Texas's TRUSTEE'S POWER TO ADJUST. (a) A trustee may 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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