Sec. 113.006. GENERAL AUTHORITY TO MANAGE AND INVEST TRUST PROPERTY. Subject to the requirements of Chapter 117, a trustee may manage the trust property and invest and reinvest in property of any character on the conditions and for the lengths of time as the trustee considers proper, notwithstanding that the time may extend beyond the term of the trust.
Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984. Amended by Acts 2003, 78th Leg., ch. 1103, Sec. 3, eff. Jan. 1, 2004.
Structure Texas Statutes
Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts
Subchapter A. Powers of Trustee
Section 113.001. Limitation of Powers
Section 113.002. General Powers
Section 113.004. Additions to Trust Assets
Section 113.005. Acquisition of Undivided Interests
Section 113.006. General Authority to Manage and Invest Trust Property
Section 113.007. Temporary Deposits of Funds
Section 113.008. Business Entities
Section 113.009. Real Property Management
Section 113.010. Sale of Property
Section 113.014. Payment of Taxes
Section 113.015. Authority to Borrow
Section 113.016. Management of Securities
Section 113.017. Corporate Stock or Other Securities Held in Name of Nominee
Section 113.018. Employment and Appointment of Agents
Section 113.020. Burdensome or Worthless Property
Section 113.021. Distribution to Minor or Incapacitated Beneficiary
Section 113.0211. Adjustment of Charitable Trust
Section 113.022. Power to Provide Residence and Pay Funeral Expenses
Section 113.023. Ancillary Trustee
Section 113.024. Implied Powers
Section 113.025. Powers of Trustee Regarding Environmental Laws
Section 113.026. Authority to Designate New Charitable Beneficiary
Section 113.027. Distributions Generally
Section 113.028. Certain Claims and Causes of Action Prohibited
Section 113.029. Discretionary Powers; Tax Savings
Section 113.030. Relocation of Administration of Charitable Trust