Texas Government Code 825.210 – Interest in Investment Profits Prohibited
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Terms Used In Texas Government Code 825.210
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trustee: A person or institution holding and administering property in trust.
Except for an interest in the retirement assets as a member of the retirement system, a trustee or employee of the board of trustees may not have a direct or indirect interest in the gains from investments made with the system’s assets and may not receive any compensation for service other than designated salary and authorized expenses.