Texas Property Code 112.084 – Certain Distributions Prohibited
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(a) Except as provided by Subsection (b), an authorized trustee may not exercise a power to distribute principal of a trust otherwise provided by § 112.072 or 112.073 if the distribution is expressly prohibited by the terms of the governing instrument of the trust.
(b) A general prohibition of the amendment or revocation of a trust or a provision that constitutes a spendthrift clause does not preclude the exercise of a power to distribute principal of a trust under § 112.072 or 112.073.
Terms Used In Texas Property Code 112.084
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Trustee: A person or institution holding and administering property in trust.