Texas Family Code § 9.011 Right To Future Property

Sec. 9.011. RIGHT TO FUTURE PROPERTY. (a) The court may, by any remedy provided by this chapter, enforce an award of the right to receive installment payments or a lump-sum payment due on the maturation of an existing vested or nonvested right to be paid in the future.

(b) The subsequent actual receipt by the non-owning party of property awarded to the owner in a decree of divorce or annulment creates a fiduciary obligation in favor of the owner and imposes a constructive trust on the property for the benefit of the owner.

Added by Acts 1997, 75th Leg., ch. 7, Sec. 1, eff. April 17, 1997.

Section: Previous  9.004  9.005  9.006  9.007  9.008  9.009  9.010  9.011  9.012  9.013  9.014  9.101  9.102  9.103  9.104  Next

Last modified: September 28, 2016