Sec. 112.001. METHODS OF CREATING TRUST. A trust may be created by:
(1) a property owner's declaration that the owner holds the property as trustee for another person;
(2) a property owner's inter vivos transfer of the property to another person as trustee for the transferor or a third person;
(3) a property owner's testamentary transfer to another person as trustee for a third person;
(4) an appointment under a power of appointment to another person as trustee for the donee of the power or for a third person; or
(5) a promise to another person whose rights under the promise are to be held in trust for a third person.
Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.
Structure Texas Statutes
Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts
Chapter 112 - Creation, Validity, Modification, and Termination of Trusts
Section 112.001. Methods of Creating Trust
Section 112.002. Intention to Create Trust
Section 112.003. Consideration
Section 112.004. Statute of Frauds
Section 112.005. Trust Property
Section 112.006. Additions to Trust Property
Section 112.007. Capacity of Settlor
Section 112.008. Capacity of Trustee
Section 112.009. Acceptance by Trustee
Section 112.010. Presumed Acceptance by Beneficiary; Disclaimer