Texas Property Code 111.003 – Trusts Subject to This Subtitle
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Terms Used In Texas Property Code 111.003
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
For the purposes of this subtitle, a “trust” is an express trust only and does not include:
(1) a resulting trust;
(2) a constructive trust;
(3) a business trust; or
(4) a security instrument such as a deed of trust, mortgage, or security interest as defined by the Business & Commerce Code.