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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Notwithstanding any other law, in an order issued under Section 1356.051, the court may require that a portion of the net earnings of the minor under the contract be set aside and preserved for the benefit of the minor in a trust created under Section 1301.053 or 1301.054 or a similar trust created under the laws of another state.
(b) The amount to be set aside under this section must be reasonable as determined by the court.
Cite this article: FindLaw.com - Texas Estates Code - EST § 1356.054. Set-aside and Preservation of Portion of Net Earnings - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-1356-054/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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