Texas Property Code

§ 113.003 — OPTIONS

PR § 113.003Title 9. TRUSTS · Part B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS · Ch. 113. ADMINISTRATION · Art. A. POWERS OF TRUSTEE

Statute text

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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.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 10, eff. January 1, 2006.