Texas Statutes
§ 845.302 — CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS.
Texas § 845.302
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 845.302 (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. § 845.302 (2026).
Text
Sec. 845.302. CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS. The board of trustees, in the exercise of its discretion to manage the assets of the retirement system, may 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 the custodian to invest the cash so held in such short-term securities as the board of trustees determines.
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Legislative History
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 55.302 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1995, 74th Leg., ch. 245, Sec. 34, eff. May 27, 1995.
Nearby Sections
15
§ 845.001
COMPOSITION OF BOARD OF TRUSTEES.§ 845.002
APPOINTMENT.§ 845.003
ELIGIBILITY.§ 845.004
TERM OF OFFICE.§ 845.005
OATH OF OFFICE.§ 845.007
MEETINGS.§ 845.008
COMPENSATION; EXPENSES.§ 845.009
VOTING.§ 845.101
ADMINISTRATION.§ 845.102
RULES AND STANDARDS.§ 845.103
ADMINISTERING SYSTEM ASSETS.§ 845.104
ACCEPTING GIFT, GRANT, OR BEQUEST.§ 845.105
INDEBTEDNESS; PAYMENT.§ 845.106
GRANTS AND PAYMENT OF BENEFITS.§ 845.107
AUDITS AND REVIEWS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 845.302, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/845.302.