Texas § 840.209 INTEREST IN INVESTMENT PROFITS PROHIBITED.

Texas Statutes

§ 840.209 — INTEREST IN INVESTMENT PROFITS PROHIBITED.

Texas § 840.209

Code GVGovernment Code

This text of Texas § 840.209 (INTEREST IN INVESTMENT PROFITS PROHIBITED.) 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. § 840.209 (2026).

Text

Sec. 840.209. INTEREST IN INVESTMENT PROFITS PROHIBITED. Except for an interest in retirement funds as a member of the retirement system, a trustee or employee of the board of trustees may not have a direct or indirect interest in the gains or profits of any investment made by the board and may not receive any pay or emolument for services other than the person's designated compensation and authorized expenses.
SUBCHAPTER D. MANAGEMENT OF ASSETS

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Sec. 840.209. INTEREST IN INVESTMENT PROFITS PROHIBITED. Except for an interest in retirement funds as a member of the retirement system, a trustee or employee of the board of trustees may not have a direct or indirect interest in the gains or profits of any investment made by the board and may not receive any pay or emolument for services other than the person's designated compensation and authorized expenses.
SUBCHAPTER D. MANAGEMENT OF ASSETS

Legislative History

Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.209 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.