Sec. 114.008. REMEDIES FOR BREACH OF TRUST. (a) To remedy a breach of trust that has occurred or might occur, the court may:
(1) compel the trustee to perform the trustee's duty or duties;
(2) enjoin the trustee from committing a breach of trust;
(3) compel the trustee to redress a breach of trust, including compelling the trustee to pay money or to restore property;
(4) order a trustee to account;
(5) appoint a receiver to take possession of the trust property and administer the trust;
(6) suspend the trustee;
(7) remove the trustee as provided under Section 113.082;
(8) reduce or deny compensation to the trustee;
(9) subject to Subsection (b), void an act of the trustee, impose a lien or a constructive trust on trust property, or trace trust property of which the trustee wrongfully disposed and recover the property or the proceeds from the property; or
(10) order any other appropriate relief.
(b) Notwithstanding Subsection (a)(9), a person other than a beneficiary who, without knowledge that a trustee is exceeding or improperly exercising the trustee's powers, in good faith assists a trustee or in good faith and for value deals with a trustee is protected from liability as if the trustee had or properly exercised the power exercised by the trustee.
Added by Acts 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 21, eff. January 1, 2006.
Structure Texas Statutes
Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts
Chapter 114 - Liabilities, Rights, and Remedies of Trustees, Beneficiaries, and Third Persons
Subchapter A. Liability of Trustee
Section 114.001. Liability of Trustee to Beneficiary
Section 114.002. Liability of Successor Trustee for Breach of Trust by Predecessor
Section 114.003. Powers to Direct: Charitable Trusts
Section 114.0031. Directed Trusts; Advisors
Section 114.004. Actions Taken Prior to Knowledge or Notice of Facts
Section 114.005. Release of Liability by Beneficiary
Section 114.006. Liability of Cotrustees for Acts of Other Cotrustees