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Tex. Gov't Code § 609.507

FINANCIAL INSTITUTION AS QUALIFIED VENDOR

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff

Each bank or savings and loan association that is a qualified vendor is not required to comply with Chapter 404 with regard to deferrals and investment income, but shall comply with plan rules that deal with vendors and investment products.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.