Texas Property Code

§ 113.027 — DISTRIBUTIONS GENERALLY

PR § 113.027Title 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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When distributing trust property or dividing or terminating a trust, a trustee may:

(1)make distributions in divided or undivided interests;

(2)allocate particular assets in proportionate or disproportionate shares;

(3)value the trust property for the purposes of acting under Subdivision (1) or (2); and

(4)adjust the distribution, division, or termination for resulting differences in valuation.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 12, eff. January 1, 2006.