Texas Property Code

§ 113.030 — RELOCATION OF ADMINISTRATION OF CHARITABLE TRUST

PR § 113.030Title 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)In this section:

(1)"Charitable entity" has the meaning assigned by Section 123.001.

(2)"Charitable trust" means a trust:

(A)the stated purpose of which is to benefit only one or more charitable entities; and

(B)that qualifies as a charitable entity.

(3)"Trust administration" means the grant-making function of the trust.

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Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 754 (S.B. 666), Sec. 1, eff. September 1, 2009. Redesignated from Property Code, Section 113.029 by Acts 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303), Sec. 27.001(52), eff. September 1, 2011.