Texas Property Code 114.0821 – Liability of Trust Property
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Terms Used In Texas Property Code 114.0821
- Property: means real and personal property. See Texas Government Code 311.005
- Trustee: A person or institution holding and administering property in trust.
Although trust property is held by the trustee without identifying the trust or its beneficiaries, the trust property is not liable to satisfy the personal obligations of the trustee.