Texas Property Code
§ 113.018 — EMPLOYMENT AND APPOINTMENT OF AGENTS
PR § 113.018Title 9. TRUSTS · Part B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS · Ch. 113. ADMINISTRATION · Art. A. POWERS OF TRUSTEE
Statute text
View on source(a)A trustee may employ attorneys, accountants, agents, including investment agents, and brokers reasonably necessary in the administration of the trust estate.
(b)Without limiting the trustee's discretion under Subsection (a), a trustee may grant an agent powers with respect to property of the trust to act for the trustee in any lawful manner for purposes of real property transactions.
(c)A trustee acting under Subsection (b) may delegate any or all of the duties and powers to:
(1)execute and deliver any legal instruments relating to the sale and conveyance of the property, including affidavits, notices, disclosures, waivers, or designations or general or special warranty deeds binding the trustee with vendor's liens retained or disclaimed, as applicable, or transferred to a third-party lender;
(2)accept notes, deeds of trust, or other legal instruments;
(3)approve closing statements authorizing deductions from the sale price;
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Legislative history
Acts 2017, 85th Leg., R.S., Ch. 62 (S.B. 617), Sec. 12, eff. September 1, 2017.