Sec. 68.060. TRUST EXCEPTIONS. (a) This chapter does not apply to a conveyance by a trustee under a court order, unless that court order is entered in an action between the trustee and the beneficiary. (b) Unless the trustee has actual knowledge that a person owning a beneficial interest in the trust is named in a RICO lien notice or is otherwise a defendant in a civil action brought under Chapter 140B , Civil Practice and Remedies Code, this subchapter does not apply to a conveyance by the trustee: (1) required under the terms of the trust agreement that is a matter of public record before the filing of the lien notice; or (2) to all of the persons who own beneficial interests in the trust.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.