Texas Government Code 802.201 – Assets in Trust
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Terms Used In Texas Government Code 802.201
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
The governing body of a public retirement system shall hold or cause to be held in trust the assets appropriated or dedicated to the system, for the benefit of the members and retirees of the system and their beneficiaries.