US Laws, Codes, Statutes & Cases

PROPERTY CODE

TITLE 9. TRUSTS

SUBTITLE A. PROVISIONS GENERALLY APPLICABLE TO TRUSTS

CHAPTER 101. PROVISIONS GENERALLY APPLICABLE TO TRUSTS


	§ 101.001. CONVEYANCE BY PERSON DESIGNATED AS 
TRUSTEE.  If property is conveyed or transferred to a person 
designated as a trustee but the conveyance or transfer does not 
identify a trust or disclose the name of any beneficiary, the person 
designated as trustee may convey, transfer, or encumber the title 
of the property without subsequent question by a person who claims 
to be a beneficiary under a trust or who claims by, through, or 
under any undisclosed beneficiary or by, through, or under the 
person designated as trustee in that person's individual capacity.

Acts 1983, 68th Leg., p. 3654, ch. 576, § 1, eff. Jan. 1, 1984.  
Amended by Acts 1987, 70th Leg., ch. 683, § 3, eff. Aug. 31, 
1987.


	§ 101.002. LIABILITY OF TRUST PROPERTY.  Although trust 
property is held by the trustee without identifying the trust or its 
beneficiaries, the trust property is not liable to satisfy the 
personal obligations of the trustee.

Acts 1983, 68th Leg., p. 3654, ch. 576, § 1, eff. Jan. 1, 1984.  
Renumbered from § 101.001(b) by Acts 1987, 70th Leg., ch. 683, 
§ 3, eff. Aug. 31, 1987.