Tex. Property Code § 116.171
This is the official text of Tex. Property Code § 116.171, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 116.171. INSUBSTANTIAL ALLOCATIONS NOT REQUIRED.
Official statutory text
If a trustee determines that an allocation between principal and income required by Section 116.172, 116.173, 116.174, 116.175, or 116.178 is insubstantial, the trustee may allocate the entire amount to principal unless one of the circumstances described in Section 116.005(c) applies to the allocation. This power may be exercised by a cotrustee in the circumstances described in Section 116.005(d) and may be released for the reasons and in the manner described in Section 116.005(e).
Status: in_force · Read it on the official government site
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