116.202 – DISBURSEMENTS FROM PRINCIPAL. (a) A trustee
Texas Property Code § 116.202
Summary
This law outlines the conditions under which a trustee can make disbursements from the principal of a trust. It affects trustees managing trust assets by defining how they can allocate funds between principal and income based on their fiduciary duties.
Trustees can disburse funds from principal under specific conditions.
Disbursements may be allocated to income or principal as deemed appropriate.
Trustees must act in accordance with their fiduciary duties.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's DISBURSEMENTS FROM PRINCIPAL. (a) A trustee law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.