Sec. 113.009. REAL PROPERTY MANAGEMENT    


Latest version.
  • A trustee may:

    (1) exchange, subdivide, develop, improve, or partition real property;

    (2) make or vacate public plats;

    (3) adjust boundaries;

    (4) adjust differences in valuation by giving or receiving value;

    (5) dedicate real property to public use or, if the trustee considers it in the best interest of the trust, dedicate easements to public use without consideration;

    (6) raze existing walls or buildings;

    (7) erect new party walls or buildings alone or jointly with an owner of adjacent property;

    (8) make repairs; and

    (9) make extraordinary alterations or additions in structures as necessary to make property more productive.

Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.