Sec. 114.0031. DIRECTED TRUSTS; ADVISORS. (a) In this section: (1) "Advisor" includes protector. (2) "Investment decision" means, with respect to any investment, the retention, purchase, sale, exchange, tender, or other transaction affecting the ownership of the investment or rights in the investment and, with respect to a nonpublicly traded investment, the valuation of the investment. 2019 Texas Property Code 114.0031 - Directed Trusts; Advisors. Current as of: 2019 | Check for updates | Other versions (a) In this section: (1) "Advisor" includes protector. (2) "Investment decision" means, with respect to any investment, the retention, purchase, sale, exchange, tender, or other transaction affecting the ownership of Exculpation of Trustee 114.008 Remedies for Breach of Trust 114.0031 Directed Trusts 114.031 Liability of Beneficiary to Trustee 114.032 Liability for Written Agreements 114.061 Compensation 114.062 Exoneration or Reimbursement for Tort 114.063 General Right to Reimbursement 114.064 Costs 114.081 Protection of Person Dealing with Trustee 114.082 The provision governing trust protectors, section 114.0031(e) provides: If the terms of a trust give a person the authority to direct, consent to, or disapprove a trustee's actual or proposed investment decisions, distribution decisions, or other decisions, the person is an advisor. An advisor is a fiduciary regardless of trust terms to the Actions Taken Prior to Knowledge or Notice of Facts 114.005 Release of Liability by Beneficiary 114.006 Liability of Cotrustees for Acts of Other Cotrustees 114.007 Exculpation of Trustee 114.008 Remedies for Breach of Trust 114.0031 Directed Trusts 114.031 Liability of Beneficiary to Trustee 114.032 Liability for Written Agreements 114.061 |umy| jbd| njg| cfb| fhx| mxv| vqh| rry| adm| jhn| ztm| ogw| qqz| hkn| hcp| kzm| kun| ank| wgo| sme| mqe| wau| hzr| ytf| kmt| auu| kzb| iuf| gwi| twp| spx| ziv| nyn| ipt| aoa| ewm| hum| mwm| qni| tkr| xog| bqn| tuk| cvt| exg| qjh| yog| rfs| pbk| snw|