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. 112.032. ACTIVE AND PASSIVE TRUSTS; STATUTE OF USES
Latest version.
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(a) Except as provided by Subsection (b), title to real property held in trust vests directly in the beneficiary if the trustee has neither a power nor a duty related to the administration of the trust.
(b) The title of a trustee in real property is not divested if the trustee's title is not merely nominal but is subject to a power or duty in relation to the property.
Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.