Texas § PR.113.016 - MANAGEMENT OF SECURITIES
Full text of Texas The Texas Constitution § PR.113.016 — MANAGEMENT OF SECURITIES, with citation guidance and answers to common questions.
§ PR.113.016. MANAGEMENT OF SECURITIES
MANAGEMENT OF SECURITIES. A trustee may: (1) pay calls, assessments, or other charges against or because of securities or other investments held by the trust; (2) sell or exercise stock subscription or conversion rights; (3) vote corporate stock, general or limited partnership interests, or other securities in person or by general or limited proxy; (4) consent directly or through a committee or other agent to the reorganization, consolidation, merger, dissolution, or liquidation of a corporation or other business enterprise; and (5) participate in voting trusts and deposit stocks, bonds, or other securities with any protective or other committee formed by or at the instance of persons holding similar securities, under such terms and conditions respecting the deposit thereof as the trustee may approve; sell any stock or other securities obtained by conversion, reorganization, consolidation, merger, liquidation, or the exercise of subscription rights free of any restrictions upon sale otherwise contained in the trust instrument relative to the securities originally held; assent to corporate sales, leases, encumbrances, and other transactions. Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § PR.113.016
What does The Texas Constitution § PR.113.016 cover?
Section PR.113.016 ("MANAGEMENT OF SECURITIES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § PR.113.016?
A common citation format is "The Texas Constitution § PR.113.016" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § PR.113.016 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.