Sec. 1301.203.  TERMINATION OF TRUST.  (a)  Except as provided by Subsection (a-1), if the person for whom a management trust is created is a minor, the trust terminates on:
(1)  the earlier of:
(A)  the person's death; or
(B)  the person's 18th birthday; or
(2)  the date provided by court order, which may not be later than the person's 25th birthday.
(a-1)  If the person for whom a management trust is created is a minor and is also incapacitated for a reason other than being a minor, the trust terminates:
(1)  on the person's death; or
(2)  when the person regains capacity.
(b)  If the person for whom a management trust is created is not a minor, the trust terminates:
(1)  according to the terms of the trust;
(2)  on the date the court determines that continuing the trust is no longer in the person's best interests, subject to Section 1301.202(c); or
(3)  on the person's death.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Amended by: 
Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 6.072, eff. January 1, 2014.
Acts 2021, 87th Leg., R.S., Ch. 521 (S.B. 626), Sec. 63, eff. September 1, 2021.