When distributing trust property or dividing or terminating a trust, a trustee may:
- (1) make distributions in divided or undivided interests;
- (2) allocate particular assets in proportionate or disproportionate shares;
- (3) value the trust property for the purposes of acting under Subdivision (1) or (2); and
- (4) adjust the distribution, division, or termination for resulting differences in valuation.
Added by Acts 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 12, eff. January 1, 2006.