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Texas Property Code - Chapter 114 Liabilities, Rights, And Remedies Of Trustees, Beneficiaries, And Third PersonsLegal Research Home > Texas Lawyer > Property Code > Texas Property Code - Chapter 114 Liabilities, Rights, And Remedies Of Trustees, Beneficiaries, And Third Persons Sponsored Links(a) The trustee is accountable to a beneficiary for the trust property and for any profit made by the trustee through or arising out of ... A successor trustee is liable for a breach of trust of a predecessor only if he knows or should know of a situation constituting a ... (a) The terms of a trust may give a trustee or other person a power to direct the modification or termination of the trust. (b) ... A trustee is not liable for a mistake of fact made before the trustee has actual knowledge or receives written notice of the happening of ... (a) A beneficiary who has full legal capacity and is acting on full information may relieve a trustee from any duty, responsibility, restriction, or liability ... (a) A trustee who does not join in an action of a cotrustee is not liable for the cotrustee's action, unless the trustee does not ... (a) A term of a trust relieving a trustee of liability for breach of trust is unenforceable to the extent that the term relieves a ... (a) To remedy a breach of trust that has occurred or might occur, the court may: (1) compel the trustee to perform the trustee's duty ... (a) A beneficiary is liable for loss to the trust if the beneficiary has: (1) misappropriated or otherwise wrongfully dealt with the trust property; (2) ... (a) A written agreement between a trustee and a beneficiary, including a release, consent, or other agreement relating to a trustee's duty, power, responsibility, restriction, ... (a) Unless the terms of the trust provide otherwise and except as provided in Subsection (b) of this section, the trustee is entitled to reasonable ... (a) Except as provided in Subsection (b) of this section, a trustee who incurs personal liability for a tort committed in the administration of the ... (a) A trustee may discharge or reimburse himself from trust principal or income or partly from both for: (1) advances made for the convenience, benefit, ... (a) In any proceeding under this code the court may make such award of costs and reasonable and necessary attorney's fees as may seem equitable ... (a) A person who actually and in good faith pays to a trustee money that the trustee is authorized to receive is not responsible for ... If property is conveyed or transferred to a trustee in trust but the conveyance or transfer does not identify the trust or disclose the names ... Although trust property is held by the trustee without identifying the trust or its beneficiaries, the trust property is not liable to satisfy the personal ... (a) A personal liability of a trustee or a predecessor trustee for a tort committed in the course of the administration of the trust may ... (a) If a trustee or a predecessor trustee makes a contract that is within his power as trustee and a cause of action arises on ... (a) To the extent allowed by law, a trustee who takes the place of a deceased partner in a general partnership in accordance with the ... Last modified: August 11, 2007 |