Texas Statutes (Last Updated: January 4, 2014) |
PROPERTY CODE |
Title 9. TRUSTS |
Subtitle B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS |
Chapter 112. CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUSTS |
Subchapter B. VALIDITY |
Sec. 112.031. TRUST PURPOSES
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A trust may be created for any purpose that is not illegal. The terms of the trust may not require the trustee to commit a criminal or tortious act or an act that is contrary to public policy.
Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.