Texas Statutes (Last Updated: January 4, 2014) |
PROPERTY CODE |
Title 9. TRUSTS |
Subtitle A. PROVISIONS GENERALLY APPLICABLE TO TRUSTS |
Chapter 101. PROVISIONS GENERALLY APPLICABLE TO TRUSTS |
Sec. 101.002. LIABILITY OF TRUST PROPERTY
Latest version.
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Although trust property is held by the trustee without identifying the trust or its beneficiaries, the trust property is not liable to satisfy the personal obligations of the trustee.
Acts 1983, 68th Leg., p. 3654, ch. 576, Sec. 1, eff. Jan. 1, 1984. Renumbered from Sec. 101.001(b) by Acts 1987, 70th Leg., ch. 683, Sec. 3, eff. Aug. 31, 1987.