Enrolled Bill Summary

House Bill 2246	House Author:  Wray
Effective:  9-1-19	Senate Sponsor:  Rodríguez

            House Bill 2246 amends the Property Code to establish that an advisor of a directed trust is a fiduciary regardless of trust terms to the contrary, except that that the trust terms may provide that an advisor acts in a nonfiduciary capacity if the advisor's only power is to remove and appoint trustees, advisors, trust committee members, or other protectors and the advisor does not exercise that power to appoint the advisor's self to such a position.