Current through Acts 2023-2024, ch. 272
Section 701.1323 - Trust for care of animal(1) The decanting power may be exercised over an animal trust that has an animal protector to the extent the trust could be decanted under this subchapter if each animal that benefits from the trust were an individual, if the animal protector consents in a signed record to the exercise of the power.(2) An animal protector has the rights under this subchapter of a qualified beneficiary.(3) Notwithstanding any other provision of this subchapter, if a first trust is an animal trust, in an exercise of the decanting power, the 2nd trust must provide that trust property may be applied only to its intended purpose for the period the first trust benefitted the animal.Added by Acts 2023 ch, 127,s 117, eff. 3/23/2024.