Property Code § 181.002

Sec. 181.002. APPLICATION. (a) Except as provided by Subsection (b), this chapter applies: (1) to a power or a release of a power, regardless of the date the power is created; (2) to a vested, contingent, or conditional power; and (3) to a power classified as a power in gross, a power appurtenant, a power appendant, a collateral power, a general, limited, or special power, an exclusive or nonexclusive power, or any other power. (b) This chapter applies regardless of the time or manner a power is created or reserved or the release is made and regardless of the time, manner, or in whose favor a power may be exercised. (c) This chapter does not apply to a power in trust that is imperative. Acts 1983, 68th Leg., p. 3723, ch. 576, Sec. 1, eff. Jan. 1, 1984.