Texas Property Code § 114.005 Release Of Liability By Beneficiary

Sec. 114.005. RELEASE OF LIABILITY BY BENEFICIARY. (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 as to the beneficiary that would otherwise be imposed on the trustee by this subtitle, including liability for past violations.

(b) The release must be in writing and delivered to the trustee.

Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.

Amended by:

Acts 2007, 80th Leg., R.S., Ch. 451 (H.B. 564), Sec. 8, eff. September 1, 2007.

Section: Previous  114.001  114.002  114.003  114.0031  114.004  114.005  114.006  114.007  114.008  114.031  114.032  114.061  114.062  114.063  114.064  Next

Last modified: September 28, 2016