Tex. Prop. Code Section 121.056
Commingling of Assets

A trustee who receives a death benefit under this subchapter may commingle the property with other assets accepted by the trustee and held in trust, either before or after the death benefit is received.

Acts 1983, 68th Leg., p. 3694, ch. 576, Sec. 1, eff. Jan. 1, 1984.

Source: Section 121.056 — Commingling of Assets, https://statutes.capitol.texas.gov/Docs/PR/htm/PR.121.htm#121.056 (accessed Jun. 5, 2024).

121.001
Pension Trusts 121.002
Employees of Controlled Corporations 121.003
Application of Texas Trust Code 121.004
Rule Against Perpetuities 121.005
Accumulation of Income 121.051
Definitions 121.052
Payment of Death Benefit to Trustee 121.053
Validity of Trust Declaration 121.054
Unclaimed Benefits 121.055
Exemption from Taxes and Debts 121.056
Commingling of Assets 121.057
Prior Designations Not Affected 121.058
Construction

Up to date

Accessed:
Jun. 5, 2024

§ 121.056’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._prop._code_section_121.056

Original Source: Section 121.056 — Commingling of Assets, https://statutes.capitol.texas.gov/Docs/PR/htm/PR.121.htm#121.056 (last accessed Jun. 5, 2024).

Tex. Prop. Code Section 121.056 Commingling of Assets

Tex. Prop. Code Section 121.056
Commingling of Assets