Texas § 113.052 LOAN OF TRUST FUNDS TO TRUSTEE.

Texas Statutes

§ 113.052 — LOAN OF TRUST FUNDS TO TRUSTEE.

Texas § 113.052

Code PRProperty Code

This text of Texas § 113.052 (LOAN OF TRUST FUNDS TO TRUSTEE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Property Code Code Ann. § 113.052 (2026).

Text

Sec. 113.052. LOAN OF TRUST FUNDS TO TRUSTEE.

(a)Except as provided by Subsection (b) of this section, a trustee may not lend trust funds to:

(1)the trustee or an affiliate;

(2)a director, officer, or employee of the trustee or an affiliate;

(3)a relative of the trustee; or

(4)the trustee's employer, employee, partner, or other business associate.

(b)This section does not prohibit:

(1)a loan by a trustee to a beneficiary of the trust if the loan is expressly authorized or directed by the instrument or transaction establishing the trust; or

(2)a deposit by a corporate trustee with itself under Section 113.057 of this Act.

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Sec. 113.052. LOAN OF TRUST FUNDS TO TRUSTEE. (a) Except as provided by Subsection (b) of this section, a trustee may not lend trust funds to:
(1) the trustee or an affiliate;
(2) a director, officer, or employee of the trustee or an affiliate;
(3) a relative of the trustee; or
(4) the trustee's employer, employee, partner, or other business associate.
(b) This section does not prohibit:
(1) a loan by a trustee to a beneficiary of the trust if the loan is expressly authorized or directed by the instrument or transaction establishing the trust; or
(2) a deposit by a corporate trustee with itself under Section 113.057 of this Act.