Texas § 141.007 OTHER TRANSFER BY FIDUCIARY.

Texas Statutes

§ 141.007 — OTHER TRANSFER BY FIDUCIARY.

Texas § 141.007

Code PRProperty Code

This text of Texas § 141.007 (OTHER TRANSFER BY FIDUCIARY.) 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. § 141.007 (2026).

Text

Sec. 141.007. OTHER TRANSFER BY FIDUCIARY.

(a)Subject to Subsections (b) and (c), a guardian, legal representative, or trustee may make an irrevocable transfer to another adult or trust company as custodian for a minor's benefit under Section 141.010 in the absence of a will or under a will or trust that does not contain an authorization to do so.

(b)With the approval of the court supervising the guardianship, a guardian may make an irrevocable transfer to another adult or trust company as custodian for the minor's benefit under Section 141.010 .

(c)A transfer under Subsection (a) or (b) may be made only if:

(1)the legal representative or trustee considers the transfer to be in the best interest of the minor;

(2)the transfer is not prohibited by or inconsistent with provisions of the

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Sec. 141.007. OTHER TRANSFER BY FIDUCIARY. (a) Subject to Subsections (b) and (c), a guardian, legal representative, or trustee may make an irrevocable transfer to another adult or trust company as custodian for a minor's benefit under Section 141.010 in the absence of a will or under a will or trust that does not contain an authorization to do so.
(b) With the approval of the court supervising the guardianship, a guardian may make an irrevocable transfer to another adult or trust company as custodian for the minor's benefit under Section 141.010 .
(c) A transfer under Subsection (a) or (b) may be made only if:
(1) the legal representative or trustee considers the transfer to be in the best interest of the minor;
(2) the transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and
(3) the transfer is authorized by the court if it exceeds $25,000 in value.

Legislative History

Amended by Acts 1995, 74th Leg., ch. 1043, Sec. 1, eff. Sept. 1, 1995. Renumbered from Property Code Sec. 7 by Acts 1997, 75th Leg., ch. 165, Sec. 31.01(72), eff. Sept. 1, 1997. Amended by: Acts 2015, 84th Leg., R.S., Ch. 622 (S.B. 1202 ), Sec. 1, eff. September 1, 2015.