Sec. 1104.024. COMMINGLING. Life insurance policy proceeds received by a trustee under this subchapter may be commingled with any other assets properly coming into the trust.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle A - Life Insurance in General
Chapter 1104 - Life Insurance and Annuity Contracts Issued to Certain Persons
Subchapter B. Trustee Named as Beneficiary of Life Insurance Policy
Section 1104.021. Trustee Named as Beneficiary in Policy
Section 1104.022. Trustee Named as Beneficiary in Will
Section 1104.023. Debts; Inheritance Tax
Section 1104.025. Certain Prior Beneficiary Designations Not Affected