§ 163.001 Short Title
§ 163.002 Legislative Findings and Purpose
§ 163.003 Definitions
§ 163.004 Standard of Conduct in Managing and Investing Institutional Fund
§ 163.005 Appropriation for Expenditure or Accumulation of Endowment Fund; Rules of Construction
§ 163.006 Delegation of Management and Investment Functions
§ 163.007 Release or Modification of Restrictions On Management, Investment, or Purpose
§ 163.008 Reviewing Compliance
§ 163.009 Relation to Electronic Signatures in Global and National Commerce Act
§ 163.010 Uniformity of Application and Construction
§ 163.011 Applicability of Other Parts of Code

Terms Used In Texas Property Code Chapter 163 - Management, Investment, and Expenditure of Institutional Funds

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Donor: The person who makes a gift.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Property: means real and personal property. See Texas Government Code 311.005
  • Subpoena: A command to a witness to appear and give testimony.
  • Trustee: A person or institution holding and administering property in trust.
  • Year: means 12 consecutive months. See Texas Government Code 311.005