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Tex. Health & Safety Code § 712.027

INVESTMENT OF FUND

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff

(a) A trustee shall invest and manage the investment of the principal of a fund in accordance with the Texas Trust Code (Section 111.001 et seq., Property Code).

(b) An investment must be made at not more than the prevailing market value of the securities at the time of acquisition.

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