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Tex. Health and Safety Code § 712.027

INVESTMENT OF FUND

Texas · Texas Health and Safety Code · Status: effective

Banking, Finance & Insurance
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Tex. Health and Safety Code § 712.027, INVESTMENT OF FUND, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/675324
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(a) A trustee shall invest and manage the investment of the principal of a fund in accordance with the Texas Trust Code (Section 111.001 et seq., Property Code). (b) An investment must be made at not more than the prevailing market value of the securities at the time of acquisition.