Tex. Prop. Code Section 121.053
Validity of Trust Declaration

The validity of a trust agreement or declaration is not affected by:

(1)

the absence of a corpus other than the right of the trustee to receive a death benefit as beneficiary;

(2)

the employee’s reservation of the right to designate another beneficiary of the death benefit; or

(3)

the existence of authority to amend, modify, revoke, or terminate the agreement or declaration.
Acts 1983, 68th Leg., p. 3693, ch. 576, Sec. 1, eff. Jan. 1, 1984.

Source: Section 121.053 — Validity of Trust Declaration, https://statutes.­capitol.­texas.­gov/Docs/PR/htm/PR.­121.­htm#121.­053 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 121.053’s source at texas​.gov