Sec. 112.121.  VALIDITY OF TRUST; APPLICABILITY.  (a)  A trust may be created for a noncharitable purpose without a definite or definitely ascertainable beneficiary.  A noncharitable purpose may include seeking economic or noneconomic benefits.
(b)  This subchapter does not apply to a trust created under Section 112.037.
Added by Acts 2023, 88th Leg., R.S., Ch. 1121 (H.B. 2333), Sec. 2, eff. June 18, 2023.