161.002 – DECREE OR GOVERNING INSTRUMENT CONTROLS. The
Texas Property Code § 161.002
Summary
This law establishes that the authority of a fiduciary over securities is governed by the terms of the relevant court order or governing instrument. It ensures that any limitations or contrary provisions in these documents take precedence over the general authority granted in this chapter.
Fiduciary authority is limited by court orders or governing instruments.
Contrary provisions in documents take precedence over general authority.
Applicable to fiduciaries managing securities.
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In simple terms: Learn about Texas's DECREE OR GOVERNING INSTRUMENT CONTROLS. 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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