Texas Property Code

§ 143.005 — TERMS OF SUBACCOUNT

PR § 143.005Title 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS · Part A. PERSONS UNDER DISABILITY · Ch. 143. POOLED TRUST SUBACCOUNTS

Unless the court orders otherwise, the terms governing the subaccount must provide that:

(1)the subaccount terminates on the earliest of the date of:

(A)the beneficiary's 18th birthday, if the beneficiary:

(i)is not found by the court to be considered disabled for purposes of 42 U.S.C. Chapter 7, Subchapter XVI; and

(ii)is a minor at the time the subaccount is established;

(B)the beneficiary's death; or

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Legislative history

Added by Acts 2019, 86th Leg., R.S., Ch. 1112 (H.B. 2245), Sec. 8, eff. September 1, 2019.