Texas Statutes
Subchapter A. Powers of Trustee
Section 113.023. Ancillary Trustee

Sec. 113.023. ANCILLARY TRUSTEE. (a) If trust property is situated outside this state, a Texas trustee may name in writing an individual or corporation qualified to act in the foreign jurisdiction in connection with trust property as ancillary trustee.
(b) Within the limits of the authority of the Texas trustee, the ancillary trustee has the rights, powers, discretions, and duties the Texas trustee delegates, subject to the limitations and directions of the Texas trustee specified in the instrument evidencing the appointment of the ancillary trustee.
(c) The Texas trustee may remove an ancillary trustee and appoint a successor at any time as to all or part of the trust assets.
(d) The Texas trustee may require security of the ancillary trustee, who is answerable to the Texas trustee for all trust property entrusted to or received by the ancillary trustee in connection with the administration of the trust.
(e) If the law of the foreign jurisdiction requires a certain procedure or a judicial order for the appointment of an ancillary trustee or to authorize an ancillary trustee to act, the Texas trustee and the ancillary trustee must satisfy the requirements.
Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.

Structure Texas Statutes

Texas Statutes

Property Code

Title 9 - Trusts

Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts

Chapter 113 - Administration

Subchapter A. Powers of Trustee

Section 113.001. Limitation of Powers

Section 113.002. General Powers

Section 113.003. Options

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 113.011. Leases

Section 113.012. Minerals

Section 113.013. Insurance

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 113.019. Claims

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

Section 113.031. Digital Assets