Sec. 112.001. METHODS OF CREATING TRUST. A trust may be created by:
(1) a property owner's declaration that the owner holds the property as trustee for another person;
(2) a property owner's inter vivos transfer of the property to another person as trustee for the transferor or a third person;
(3) a property owner's testamentary transfer to another person as trustee for a third person;
(4) an appointment under a power of appointment to another person as trustee for the donee of the power or for a third person; or
(5) a promise to another person whose rights under the promise are to be held in trust for a third person.
Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.
Section: 112.001 112.002 112.003 112.004 112.005 112.006 112.007 112.008 112.009 112.010 112.031 112.032 112.033 112.034 112.035 NextLast modified: September 28, 2016