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H.B. No. 1471 1 administration of the trust on the beneficiary's interest is 2 sufficient to require an accounting by the trustee. However, the 3 trustee is not obligated or required to account to the 4 beneficiaries of a trust more frequently than once every 12 months 5 unless a more frequent accounting is required by the court. If a 6 beneficiary is successful in the suit to compel a statement under 7 this section, the court may, in its discretion, award all or part of 8 the costs of court and all of the suing beneficiary's reasonable and 9 necessary attorney's fees and costs against the trustee in the 10 trustee's individual capacity or in the trustee's capacity as 11 trustee. 12 SECTION 4. This Act takes effect September 1, 2003, and 13 applies only to a demand for an accounting made on or after that 14 date.
Reference the current page of this Legislative Document.
Texas. Legislature. House of Representatives.78th Texas Legislature, Regular Session, House Bill 1471, Chapter 550,
legislative document,
June 20, 2003;
[Austin, Texas].
(https://texashistory.unt.edu/ark:/67531/metapth158176/m1/4/?rotate=270:
accessed May 13, 2024),
University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu;
crediting UNT Libraries Government Documents Department.