Texas Property Code 112.0715 – Creation of Second Trust
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(a) A second trust may be created by a distribution of principal under § 112.072 or 112.073 to a second trust that retains the name used by the first trust. The second trust may retain, subject to applicable federal law, the tax identification number of the first trust.
(b) If a second trust is created by a distribution of principal under § 112.072 or 112.073 to a trust that retains the name of the first trust, the property is not required to be retitled.
Terms Used In Texas Property Code 112.0715
- Property: means real and personal property. See Texas Government Code 311.005
(c) Repealed by Acts 2023, 88th Leg., R.S., Ch. 446 (H.B. 2196), Sec. 6, eff. June 9, 2023.