117.005 – DIVERSIFICATION. A trustee shall diversify the
Texas Property Code § 117.005
Summary
This law requires trustees to diversify trust investments to minimize risk, unless specific circumstances justify a lack of diversification. It aims to protect the interests of beneficiaries by ensuring prudent investment practices.
Trustees must diversify investments unless special circumstances exist.
Special circumstances must be reasonably determined by the trustee.
Aims to protect beneficiaries' interests through prudent investment.
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In simple terms: Learn about Texas's DIVERSIFICATION. A trustee shall diversify the 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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