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Tex. Insurance Code § 1575.206

CONTRIBUTIONS HELD IN TRUST FOR FUND

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 1575.206, CONTRIBUTIONS HELD IN TRUST FOR FUND, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/683066
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An employing public school and its governing body: (1) hold contributions required by this subchapter in trust for the fund and its participants; and (2) may not divert the contributions for any other purpose.