Texas Property Code > Title 10 > Subtitle C – Powers of Appointment
Current as of: 2024 | Check for updates
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| Chapter 181 | Powers of Appointment | 181.001 – 181.083 |
Terms Used In Texas Property Code > Title 10 > Subtitle C - Powers of Appointment
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Donee: The recipient of a gift.
- Fiduciary: A trustee, executor, or administrator.
- Grantor: The person who establishes a trust and places property into it.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Month: means a calendar month. See Texas Government Code 312.011
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Trustee: A person or institution holding and administering property in trust.
- Week: means seven consecutive days. See Texas Government Code 311.005