Tex. Property Code § 121.053
This is the official text of Tex. Property Code § 121.053, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 121.053. VALIDITY OF TRUST DECLARATION.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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