Texas Health and Safety Code 712.023 – Validity of Contributions
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Terms Used In Texas Health and Safety Code 712.023
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
A contribution to a fund for perpetual care is not invalid because of:
(1) indefiniteness or uncertainty of the person designated as beneficiary in the instrument establishing the fund; or
(2) a violation of the law against perpetuities or the law against the suspension of the power of alienation of title to or use of property.