Chapter 1301
Management Trusts

Definition

Applicability of Texas Trust Code

Eligibility to Apply for Creation of Trust

Venue for Proceeding Involving Trust for an Alleged Incapacitated Person

Creation of Trust

Creation of Trust for Incapacitated Person Without Guardian

Authority of Court to Appoint Guardian Instead of Creating Trust

Contents of Order Creating Trust

Appointment of Trustee

Bond Requirements for Trustees

Required Terms

Optional Terms

Enforceability of Certain Terms

Jurisdiction Over Trust Matters

Court's Authority to Discharge Guardian of Estate

Investment in Texas Tomorrow Fund

Annual Accounting

Appointment of Successor Trustee

Liability of Certain Persons for Conduct of Trustee

Modification or Revocation of Trust

Transfer to Pooled Trust Subaccount

Termination of Trust

Distribution of Trust Property

Initial Accounting by Certain Trustees Required