Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 113.003 - Options
A trustee may:
(1) grant an option involving a sale, lease, or other disposition of trust property, including an option exercisable beyond the duration of the trust; or(2) acquire and exercise an option for the acquisition of property, including an option exercisable beyond the duration of the trust.
Tex. Prop. Code § 113.003
Added by Acts 2005, 79th Leg., Ch. 148, Sec. 10, eff. 1/1/2006.