Tex. Codes
» Property Code · TITLE 9. TRUSTS · SUBTITLE B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS · CHAPTER 114. LIABILITIES, RIGHTS, AND REMEDIES OF TRUSTEES, BENEFICIARIES, AND THIRD PERSONS
Sec. 114.002. LIABILITY OF SUCCESSOR TRUSTEE FOR BREACH OF TRUST BY PREDECESSOR. A successor trustee is liable for a breach of trust of a predecessor only if he knows or should know of a situation constituting a breach of trust committed by the predecessor and the successor trustee:
(1) improperly permits it to continue;
(2) fails to make a reasonable effort to compel the predecessor trustee to deliver the trust property; or
(3) fails to make a reasonable effort to compel a redress of a breach of trust committed by the predecessor trustee.
Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.
Notes of Decisions
Cited in
3
cases, 1996–2020 · leading case:
Est. of Hoskins, 501 S.W.3d 295 (Tex. App.—Corpus Christi 2016).
Est. of Hoskins, 501 S.W.3d 295 (Tex. App.—Corpus Christi 2016).
“See Tex. PROP. Code Ann. § 114.002 (West, Westlaw through 2015 R.”
O'Shea v. O'Shea, No. YORcv-14-157 (Me. Super. Ct Feb. 28, 2020).
“Tex. Prop. Code Ann.§ 114.002 (limiting liability ofa successor trustee to situations in which they "know[ ] or should know of a situation constituting a breach of trust committed by the predecessors" and the successor trustees "improperly permit[ ] it to continue; fail[ ] to…”
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