Sec. 181.054. EFFECT OF RELEASE ON MULTIPLE DONEES. Unless the instrument creating a power provides otherwise, the complete or partial release by one or more donees of a power that may be exercised by two or more donees, either as an individual or a fiduciary, together or successively, does not prevent or limit the exercise or participation in the exercise of the power by the other donee or donees.
Acts 1983, 68th Leg., p. 3725, ch. 576, Sec. 1, eff. Jan. 1, 1984.
Structure Texas Statutes
Title 10 - Miscellaneous Beneficial Property Interests
Subtitle C - Powers of Appointment
Chapter 181 - Powers of Appointment
Subchapter B. Release of Powers of Appointment
Section 181.051. Authority of Donee to Release Power
Section 181.052. Requisites of Release
Section 181.053. Release by Guardian
Section 181.054. Effect of Release on Multiple Donees
Section 181.055. Notice of Release