Republic National Bank of Dallas v. Robert Ventures, Ltd.

DICKENSON, Justice.

The controlling issue is whether the trust beneficiaries were given adequate and timely notice of suit, as required by the Texas Trust Act,1 before judgment was rendered against the trust for $204,192.08 plus costs and postjudgment interest. We reverse and remand.

The suit arose from a contract of sale involving 15.63 acres of land which were owned by the trust. The first contract of sale, dated November 1,1977, was signed by Republic National Bank of Dallas, Trustee for W. Terry Rhodes Trust, as Seller, and by Robert Ventures, Ltd., as Purchaser. That contract was…