- (a) The court may modify or revoke a management trust at any time before the date of the trust's termination.
(b) The following may not revoke a management trust:
- (1) the ward for whom the trust is created or the guardian of the ward's estate;
- (2) the incapacitated person for whom the trust is created; or
- (3) the person who has only a physical disability for whom the trust is created.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 6.070, eff. January 1, 2014.