State Codes and Statutes
Statutes > Texas > Property-code > Title-9-trusts > Chapter-101-provisions-generally-applicable-to-trusts
PROPERTY CODE
TITLE 9. TRUSTS
SUBTITLE A. PROVISIONS GENERALLY APPLICABLE TO TRUSTS
CHAPTER 101. PROVISIONS GENERALLY APPLICABLE TO TRUSTS
Sec. 101.001. CONVEYANCE BY PERSON DESIGNATED AS TRUSTEE. If
property is conveyed or transferred to a person designated as a
trustee but the conveyance or transfer does not identify a trust
or disclose the name of any beneficiary, the person designated as
trustee may convey, transfer, or encumber the title of the
property without subsequent question by a person who claims to be
a beneficiary under a trust or who claims by, through, or under
any undisclosed beneficiary or by, through, or under the person
designated as trustee in that person's individual capacity.
Acts 1983, 68th Leg., p. 3654, ch. 576, Sec. 1, eff. Jan. 1,
1984. Amended by Acts 1987, 70th Leg., ch. 683, Sec. 3, eff. Aug.
31, 1987.
Sec. 101.002. LIABILITY OF TRUST PROPERTY. Although trust
property is held by the trustee without identifying the trust or
its beneficiaries, the trust property is not liable to satisfy
the personal obligations of the trustee.
Acts 1983, 68th Leg., p. 3654, ch. 576, Sec. 1, eff. Jan. 1,
1984. Renumbered from Sec. 101.001(b) by Acts 1987, 70th Leg.,
ch. 683, Sec. 3, eff. Aug. 31, 1987.
State Codes and Statutes
Statutes > Texas > Property-code > Title-9-trusts > Chapter-101-provisions-generally-applicable-to-trusts
PROPERTY CODE
TITLE 9. TRUSTS
SUBTITLE A. PROVISIONS GENERALLY APPLICABLE TO TRUSTS
CHAPTER 101. PROVISIONS GENERALLY APPLICABLE TO TRUSTS
Sec. 101.001. CONVEYANCE BY PERSON DESIGNATED AS TRUSTEE. If
property is conveyed or transferred to a person designated as a
trustee but the conveyance or transfer does not identify a trust
or disclose the name of any beneficiary, the person designated as
trustee may convey, transfer, or encumber the title of the
property without subsequent question by a person who claims to be
a beneficiary under a trust or who claims by, through, or under
any undisclosed beneficiary or by, through, or under the person
designated as trustee in that person's individual capacity.
Acts 1983, 68th Leg., p. 3654, ch. 576, Sec. 1, eff. Jan. 1,
1984. Amended by Acts 1987, 70th Leg., ch. 683, Sec. 3, eff. Aug.
31, 1987.
Sec. 101.002. LIABILITY OF TRUST PROPERTY. Although trust
property is held by the trustee without identifying the trust or
its beneficiaries, the trust property is not liable to satisfy
the personal obligations of the trustee.
Acts 1983, 68th Leg., p. 3654, ch. 576, Sec. 1, eff. Jan. 1,
1984. Renumbered from Sec. 101.001(b) by Acts 1987, 70th Leg.,
ch. 683, Sec. 3, eff. Aug. 31, 1987.
State Codes and Statutes
Statutes >
Texas >
Property-code >
Title-9-trusts >
Chapter-101-provisions-generally-applicable-to-trusts PROPERTY CODE
TITLE 9. TRUSTS
SUBTITLE A. PROVISIONS GENERALLY APPLICABLE TO TRUSTS
CHAPTER 101. PROVISIONS GENERALLY APPLICABLE TO TRUSTS
Sec. 101.001. CONVEYANCE BY PERSON DESIGNATED AS TRUSTEE. If
property is conveyed or transferred to a person designated as a
trustee but the conveyance or transfer does not identify a trust
or disclose the name of any beneficiary, the person designated as
trustee may convey, transfer, or encumber the title of the
property without subsequent question by a person who claims to be
a beneficiary under a trust or who claims by, through, or under
any undisclosed beneficiary or by, through, or under the person
designated as trustee in that person's individual capacity.
Acts 1983, 68th Leg., p. 3654, ch. 576, Sec. 1, eff. Jan. 1,
1984. Amended by Acts 1987, 70th Leg., ch. 683, Sec. 3, eff. Aug.
31, 1987.
Sec. 101.002. LIABILITY OF TRUST PROPERTY. Although trust
property is held by the trustee without identifying the trust or
its beneficiaries, the trust property is not liable to satisfy
the personal obligations of the trustee.
Acts 1983, 68th Leg., p. 3654, ch. 576, Sec. 1, eff. Jan. 1,
1984. Renumbered from Sec. 101.001(b) by Acts 1987, 70th Leg.,
ch. 683, Sec. 3, eff. Aug. 31, 1987.
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