Sec. 112.031. TRUST PURPOSES. A trust may be created for any purpose that is not illegal. The terms of the trust may not require the trustee to commit a criminal or tortious act or an act that is contrary to public policy.
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 112.031. Trust Purposes
Section 112.032. Active and Passive Trusts; Statute of Uses
Section 112.033. Reservation of Interests and Powers by Settlor
Section 112.0335. Construction of Certain Trusts
Section 112.035. Spendthrift Trusts
Section 112.036. Rule Against Perpetuities