Sec. 1301.056. CONTENTS OF ORDER CREATING TRUST. An order creating a management trust must:
(1) direct any person or entity holding property that belongs to the person for whom the trust is created or to which that person is entitled to deliver all or part of that property to a person or corporate fiduciary appointed as trustee of the trust; and
(2) include terms and limitations placed on the trust.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 6.064, eff. January 1, 2014.
Structure Texas Statutes
Title 3 - Guardianship and Related Procedures
Subtitle H - Court-Authorized Trusts and Accounts
Chapter 1301 - Management Trusts
Subchapter B. Creation of Management Trusts
Section 1301.051. Eligibility to Apply for Creation of Trust
Section 1301.052. Venue for Proceeding Involving Trust for an Alleged Incapacitated Person
Section 1301.053. Creation of Trust
Section 1301.054. Creation of Trust for Incapacitated Person Without Guardian
Section 1301.055. Authority of Court to Appoint Guardian Instead of Creating Trust
Section 1301.056. Contents of Order Creating Trust