Texas § PR.240.056 - DISCLAIMER OF POWER HELD IN FIDUCIARY CAPACITY
Full text of Texas The Texas Constitution § PR.240.056 — DISCLAIMER OF POWER HELD IN FIDUCIARY CAPACITY, with citation guidance and answers to common questions.
§ PR.240.056. DISCLAIMER OF POWER HELD IN FIDUCIARY CAPACITY
DISCLAIMER OF POWER HELD IN FIDUCIARY CAPACITY. (a) If a person designated to serve or serving as a fiduciary disclaims a power held or to be held in a fiduciary capacity that has not been exercised, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable. (b) If a person designated to serve or serving as a fiduciary disclaims a power held or to be held in a fiduciary capacity that has been exercised, the disclaimer takes effect immediately after the last exercise of the power. (c) A disclaimer subject to this section is effective as to another person designated to serve or serving as a fiduciary if: (1) the disclaimer provides that it is effective as to another person designated to serve or serving as a fiduciary; and (2) the person disclaiming has the authority to bind the estate, trust, or other person for whom the person is acting. Added by Acts 2015, 84th Leg., R.S., Ch. 562 (H.B. 2428 ), Sec. 15, eff. September 1, 2015.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § PR.240.056
What does The Texas Constitution § PR.240.056 cover?
Section PR.240.056 ("DISCLAIMER OF POWER HELD IN FIDUCIARY CAPACITY") 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.240.056?
A common citation format is "The Texas Constitution § PR.240.056" (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.240.056 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.