Sec. 113.051. GENERAL DUTY. The trustee shall administer the trust in good faith according to its terms and this subtitle. In the absence of any contrary terms in the trust instrument or contrary provisions of this subtitle, in administering the trust the trustee shall perform all of the duties imposed on trustees by the common law.
Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.
Amended by:
Acts 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 13, eff. January 1, 2006.
Structure Texas Statutes
Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts
Subchapter B. Duties of Trustee
Section 113.052. Loan of Trust Funds to Trustee
Section 113.053. Purchase or Sale of Trust Property by Trustee
Section 113.054. Sales From One Trust to Another
Section 113.055. Purchase of Trustee's Securities
Section 113.056. Authorization to Make Certain Investments