Texas Statutes (Last Updated: January 4, 2014) |
PROPERTY CODE |
Title 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS |
Subtitle C. POWERS OF APPOINTMENT |
Chapter 181. POWERS OF APPOINTMENT |
Subchapter A. GENERAL PROVISIONS |
Sec. 181.004. CONSTRUCTION
Latest version.
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This chapter is intended to be declarative of the common law of this state, and it shall be liberally construed to make all powers, except imperative powers in trust, releasable unless the instrument creating the trust expressly provides otherwise.
Acts 1983, 68th Leg., p. 3724, ch. 576, Sec. 1, eff. Jan. 1, 1984.