Texas Property Code

§ 181.054 — EFFECT OF RELEASE ON MULTIPLE DONEES

PR § 181.054Title 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS · Part C. POWERS OF APPOINTMENT · Ch. 181. POWERS OF APPOINTMENT · Art. B. RELEASE OF POWERS OF APPOINTMENT

Statute text

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Unless the instrument creating a power provides otherwise, the complete or partial release by one or more donees of a power that may be exercised by two or more donees, either as an individual or a fiduciary, together or successively, does not prevent or limit the exercise or participation in the exercise of the power by the other donee or donees.

Legislative history

Acts 1983, 68th Leg., p. 3725, ch. 576, Sec. 1, eff. Jan. 1, 1984.