Sec. 112.053. DISPOSITION OF TRUST PROPERTY ON FAILURE OF TRUST. The settlor may provide in the trust instrument how property may or may not be disposed of in the event of failure, termination, or revocation of the trust.
Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984. Amended by Acts 1991, 72nd Leg., ch. 895, Sec. 17, eff. Sept. 1, 1991.
Structure Texas Statutes
Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts
Chapter 112 - Creation, Validity, Modification, and Termination of Trusts
Subchapter C. Revocation, Modification, and Termination of Trusts
Section 112.051. Revocation, Modification, or Amendment by Settlor
Section 112.053. Disposition of Trust Property on Failure of Trust
Section 112.054. Judicial Modification, Reformation, or Termination of Trusts
Section 112.056. Permissive Amendment by Trustee of Charitable Trust
Section 112.057. Division and Combination of Trusts
Section 112.058. Conversion of Community Trust to Nonprofit Corporation