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.
Tex. Gov't Code § 802.201
ASSETS IN TRUST
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.