Tex. Est. Code Section 1356.054
Set-aside and Preservation of Portion of Net Earnings

(a)

Notwithstanding any other law, in an order issued under Section 1356.051 (Approval of Certain Contracts of a Minor), the court may require that a portion of the net earnings of the minor under the contract be set aside and preserved for the benefit of the minor in a trust created under Section 1301.053 (Creation of Trust) or 1301.054 (Creation of Trust for Incapacitated Person Without Guardian) or a similar trust created under the laws of another state.

(b)

The amount to be set aside under this section must be reasonable as determined by the court.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.

Source: Section 1356.054 — Set-aside and Preservation of Portion of Net Earnings, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­1356.­htm#1356.­054 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1356.054’s source at texas​.gov