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Tex. Property Code § 113.052

LOAN OF TRUST FUNDS TO TRUSTEE

Texas · Texas Property Code · Status: effective

Banking, Finance & Insurance
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Tex. Property Code § 113.052, LOAN OF TRUST FUNDS TO TRUSTEE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/564976
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(a) Except as provided by Subsection (b) of this section, a trustee may not lend trust funds to: (1) the trustee or an affiliate; (2) a director, officer, or employee of the trustee or an affiliate; (3) a relative of the trustee; or (4) the trustee's employer, employee, partner, or other business associate. (b) This section does not prohibit: (1) a loan by a trustee to a beneficiary of the trust if the loan is expressly authorized or directed by the instrument or transaction establishing the trust; or (2) a deposit by a corporate trustee with itself under Section 113.057 of this Act.