Texas Statutes
Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts
Chapter 117 - Uniform Prudent Investor Act

Section 117.001. Short Title - Sec. 117.001. SHORT TITLE. This chapter may be cited as...

Section 117.002. Uniformity of Application and Construction - Sec. 117.002. UNIFORMITY OF APPLICATION AND CONSTRUCTION. This chapter shall...

Section 117.003. Prudent Investor Rule - Sec. 117.003. PRUDENT INVESTOR RULE. (a) Except as otherwise provided...

Section 117.004. Standard of Care; Portfolio Strategy; Risk and Return Objectives - Sec. 117.004. STANDARD OF CARE; PORTFOLIO STRATEGY; RISK AND RETURN...

Section 117.005. Diversification - Sec. 117.005. DIVERSIFICATION. A trustee shall diversify the investments of...

Section 117.006. Duties at Inception of Trusteeship - Sec. 117.006. DUTIES AT INCEPTION OF TRUSTEESHIP. Within a reasonable...

Section 117.007. Loyalty - Sec. 117.007. LOYALTY. A trustee shall invest and manage the...

Section 117.008. Impartiality - Sec. 117.008. IMPARTIALITY. If a trust has two or more...

Section 117.009. Investment Costs - Sec. 117.009. INVESTMENT COSTS. In investing and managing trust assets,...

Section 117.010. Reviewing Compliance - Sec. 117.010. REVIEWING COMPLIANCE. Compliance with the prudent investor rule...

Section 117.011. Delegation of Investment and Management Functions - Sec. 117.011. DELEGATION OF INVESTMENT AND MANAGEMENT FUNCTIONS. (a) A...

Section 117.012. Language Invoking Standard of Chapter - Sec. 117.012. LANGUAGE INVOKING STANDARD OF CHAPTER. The following terms...