Sec. 121.056. COMMINGLING OF ASSETS. A trustee who receives a death benefit under this subchapter may commingle the property with other assets accepted by the trustee and held in trust, either before or after the death benefit is received.
Acts 1983, 68th Leg., p. 3694, ch. 576, Sec. 1, eff. Jan. 1, 1984.
Structure Texas Statutes
Subtitle C - Miscellaneous Trusts
Chapter 121 - Employees' Trusts
Subchapter B. Death Benefits Under Employees' Trusts
Section 121.052. Payment of Death Benefit to Trustee
Section 121.053. Validity of Trust Declaration
Section 121.054. Unclaimed Benefits
Section 121.055. Exemption From Taxes and Debts
Section 121.056. Commingling of Assets