Property Code › Title 9 › Chapter 113 › Subchapter B

Texas Property Code § 113.054

Sales from One Trust to Another

Administration · Duties of Trustee

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.

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.