Texas Property Code

§ 124.002 — COMPULSORY DIVESTMENT PROHIBITED

PR § 124.002Title 9. TRUSTS · Part C. MISCELLANEOUS TRUSTS · Ch. 124. PARTITION OF MINERAL INTERESTS OF CHARITABLE TRUST

Statute text

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In a suit or other judicial proceeding the object or effect of which is to compel the partition of a mineral interest owned or claimed by a charitable trust, a sale or other action that would divest the charitable trust of the trust's ownership of a mineral interest may not be ordered unless the trust has refused to execute a mineral lease, the terms of which are fair and reasonable, to the plaintiff or petitioner in the proceeding.

Legislative history

Added by Acts 2013, 83rd Leg., R.S., Ch. 480 (S.B. 1240), Sec. 1, eff. June 14, 2013.