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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Except as provided by Subsection (b), an authorized trustee may not exercise a power to distribute principal of a trust otherwise provided by Section 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 Section 112.072 or 112.073.
Cite this article: FindLaw.com - Texas Property Code - PROP § 112.084. Certain Distributions Prohibited - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-112-084/
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