Tex. Property Code § 117.012
This is the official text of Tex. Property Code § 117.012, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 117.012. LANGUAGE INVOKING STANDARD OF CHAPTER.
Official statutory text
The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted under this chapter: "investments permissible by law for investment of trust funds," "legal investments," "authorized investments," "using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital," "prudent man rule," "prudent trustee rule," "prudent person rule," and "prudent investor rule."
Status: in_force · Read it on the official government site
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