Tex. Prop. Code § 113.027

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 113.027 - Distributions Generally

When distributing trust property or dividing or terminating a trust, a trustee may:

(1) make distributions in divided or undivided interests;

(2) allocate particular assets in proportionate or disproportionate shares;

(3) value the trust property for the purposes of acting under Subdivision (1) or (2); and

(4) adjust the distribution, division, or termination for resulting differences in valuation.

Tex. Prop. Code § 113.027

Added by Acts 2005, 79th Leg., Ch. 148, Sec. 12, eff. 1/1/2006.