Sec. 117.008. IMPARTIALITY. If a trust has two or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries.
Added by Acts 2003, 78th Leg., ch. 1103, Sec. 1, eff. Jan. 1, 2004.
Structure Texas Statutes
Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts
Chapter 117 - Uniform Prudent Investor Act
Section 117.002. Uniformity of Application and Construction
Section 117.003. Prudent Investor Rule
Section 117.004. Standard of Care; Portfolio Strategy; Risk and Return Objectives
Section 117.005. Diversification
Section 117.006. Duties at Inception of Trusteeship
Section 117.009. Investment Costs
Section 117.010. Reviewing Compliance
Section 117.011. Delegation of Investment and Management Functions