117.010 – REVIEWING COMPLIANCE. Compliance with the
Texas Property Code § 117.010
Summary
This law establishes that a trustee's compliance with the prudent investor rule is evaluated based on the circumstances at the time of their decision, rather than retrospectively. This affects trustees managing investments for beneficiaries, ensuring they are judged fairly based on available information at the time.
Evaluates trustee decisions based on current circumstances.
Focuses on the time of decision, not hindsight.
Applies to trustees managing investments for beneficiaries.
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In simple terms: Learn about Texas's REVIEWING COMPLIANCE. Compliance with 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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