Sec. 1301.201. MODIFICATION OR REVOCATION OF TRUST. (a) The court may modify or revoke a management trust at any time before the date of the trust's termination.
(b) The following may not revoke a management trust:
(1) the ward for whom the trust is created or the guardian of the ward's estate;
(2) the incapacitated person for whom the trust is created; or
(3) the person who has only a physical disability for whom the trust is created.
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. 6.070, 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 E. Modification, Revocation, or Termination of Management Trusts
Section 1301.201. Modification or Revocation of Trust
Section 1301.202. Transfer to Pooled Trust Subaccount