Texas Property Code
§ 68.060 — TRUST EXCEPTIONS
PR § 68.060Title 5. EXEMPT PROPERTY AND LIENS · Part B. LIENS · Ch. 68. RICO LIENS · Art. B. RICO LIEN NOTICE
Statute text
View on source(a)This chapter does not apply to a conveyance by a trustee under a court order, unless that court order is entered in an action between the trustee and the beneficiary.
(b)Unless the trustee has actual knowledge that a person owning a beneficial interest in the trust is named in a RICO lien notice or is otherwise a defendant in a civil action brought under Chapter 140B, Civil Practice and Remedies Code, this subchapter does not apply to a conveyance by the trustee:
(1)required under the terms of the trust agreement that is a matter of public record before the filing of the lien notice; or
(2)to all of the persons who own beneficial interests in the trust.
Legislative history
Added by Acts 2023, 88th Leg., R.S., Ch. 885 (H.B. 4635), Sec. 7, eff. September 1, 2023.