Texas Insurance Code 1551.407 – Management of Assets
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Terms Used In Texas Insurance Code 1551.407
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
The board of trustees may commingle for investment purposes the assets of a fund created under this chapter with another fund created under this chapter or any other trust fund administered by the board if the board maintains and credits proportionate ownership records.