VALIDITY OF TRUST; APPLICABILITY

Property Code

Section: 112.121

Jurisdiction: TX

Bluebook Citation: Tex. Prop. Code § 112.121

Sec. 112.121. VALIDITY OF TRUST; APPLICABILITY. (a) A trust may be created for a noncharitable purpose without a definite or definitely ascertainable beneficiary. A noncharitable purpose may include seeking economic or noneconomic benefits. (b) This subchapter does not apply to a trust created under Section 112.037 . Added by Acts 2023, 88th Leg., R.S., Ch. 1121 (H.B. 2333 ), Sec. 2, eff. June 18, 2023.

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