Texas Statutes
§ 815.302 — CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS.
Texas § 815.302
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 815.302 (CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Government Code Code Ann. § 815.302 (2026).
Text
Sec. 815.302. CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS. The retirement system may, in the exercise of its constitutional discretion to manage the assets of the retirement system, select one or more commercial banks, depository trust companies, or other entities to serve as custodian or custodians of the system's cash or securities pending completion of an investment transaction and may authorize such custodian to invest the cash so held in such short-term securities as the board of trustees determines, subject only to the provisions of Section 815.301 .
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Legislative History
Added by Acts 1987, 70th Leg., 2nd C.S., ch. 77, Sec. 3, eff. Oct. 20, 1987. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 25.3011 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1989, 71st Leg., ch. 251, Sec. 2, eff. Aug. 28, 1989.
Nearby Sections
15
§ 815.001
COMPOSITION OF BOARD OF TRUSTEES.§ 815.002
APPOINTED TRUSTEES.§ 815.003
ELECTED TRUSTEES.§ 815.004
OATH OF OFFICE.§ 815.005
SUNSET PROVISION.§ 815.006
COMPENSATION; EXPENSES.§ 815.007
VOTING.§ 815.008
GROUNDS FOR REMOVAL OF TRUSTEE.§ 815.009
BOARD MEMBER TRAINING.§ 815.101
GENERAL ADMINISTRATION.§ 815.102
RULEMAKING.§ 815.103
ADMINISTERING SYSTEM ASSETS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 815.302, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/815.302.