Set-Aside and Preservation of Portion of Net Earnings
Court Approval of Certain Arts and Entertainment, Advertisement, and Sports Contracts · Court Action Regarding Certain Contracts
(a) Notwithstanding any other law, in an order issued under Section 1356.051, the court may require that a portion of the net earnings of the minor under the contract be set aside and preserved for the benefit of the minor in a trust created under Section 1301.053 or 1301.054 or a similar trust created under the laws of another state.
(b) The amount to be set aside under this section must be reasonable as determined by the court.
Official text of the Texas Estates Code as published by the Texas Legislative Council.
