Sec. 113.003. OPTIONS

Latest version.

A trustee may:
(1) grant an option involving a sale, lease, or other disposition of trust property, including an option exercisable beyond the duration of the trust; or
(2) acquire and exercise an option for the acquisition of property, including an option exercisable beyond the duration of the trust.

Added by Acts 2005, 79th Leg., Ch. 148 , Sec. 10, eff. January 1, 2006.

                    
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