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Texas Statutes (Last Updated: January 4, 2014) |
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PROPERTY CODE |
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Title 9. TRUSTS |
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Subtitle B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS |
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Chapter 112. CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUSTS |
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Subchapter C. REVOCATION, MODIFICATION, AND TERMINATION OF TRUSTS |
Sec. 112.053. DISPOSITION OF TRUST PROPERTY ON FAILURE OF TRUST
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The settlor may provide in the trust instrument how property may or may not be disposed of in the event of failure, termination, or revocation of the trust.
Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984. Amended by Acts 1991, 72nd Leg., ch. 895, Sec. 17, eff. Sept. 1, 1991.