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Current as of January 01, 2024 | Updated by Findlaw Staff
The validity of a trust agreement or declaration is not affected by:
(1) the absence of a corpus other than the right of the trustee to receive a death benefit as beneficiary;
(2) the employee's reservation of the right to designate another beneficiary of the death benefit; or
(3) the existence of authority to amend, modify, revoke, or terminate the agreement or declaration.
Cite this article: FindLaw.com - Texas Property Code - PROP § 121.053. Validity of Trust Declaration - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-121-053/
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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