§ 117.001 Short Title
§ 117.002 Uniformity of Application and Construction
§ 117.003 Prudent Investor Rule
§ 117.004 Standard of Care; Portfolio Strategy; Risk and Return Objectives
§ 117.005 Diversification
§ 117.006 Duties At Inception of Trusteeship
§ 117.007 Loyalty
§ 117.008 Impartiality
§ 117.009 Investment Costs
§ 117.010 Reviewing Compliance
§ 117.011 Delegation of Investment and Management Functions
§ 117.012 Language Invoking Standard of Chapter
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Terms Used In Texas Property Code Chapter 117 - Uniform Prudent Investor Act

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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
  • Personal property: All property that is not real property.
  • Property: means real and personal property. See Texas Government Code 311.005
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Rule: includes regulation. See Texas Government Code 311.005
  • Trustee: A person or institution holding and administering property in trust.
  • Year: means 12 consecutive months. See Texas Government Code 311.005