Property Code › Title 9 › Chapter 113 › Subchapter A

Texas Property Code § 113.015

Authority to Borrow

Administration · Powers of Trustee

A trustee may borrow money from any source, including a trustee, purchase property on credit, and mortgage, pledge, or in any other manner encumber all or any part of the assets of the trust as is advisable in the judgment of the trustee for the advantageous administration of the trust.

Official text of the Texas Property Code as published by the Texas Legislative Council.

Official source
Legislative history

Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.