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Tex. Property Code § 113.054

SALES FROM ONE TRUST TO ANOTHER

Texas · Texas Property Code · Status: effective

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Tex. Property Code § 113.054, SALES FROM ONE TRUST TO ANOTHER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/564978
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A trustee of one trust may not sell property to another trust of which it is also trustee unless the property is: (1) a bond, note, bill, or other obligation issued or fully guaranteed as to principal and interest by the United States; and (2) sold for its current market price.