Texas Statutes
§ 861.005 — NO DIVERSION OF ASSETS.
Texas § 861.005
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 861.005 (NO DIVERSION OF ASSETS.) 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. § 861.005 (2026).
Text
Sec. 861.005. NO DIVERSION OF ASSETS. The fund must be maintained for the exclusive benefit of members, retirees, and their beneficiaries. At no time before the termination of the fund and the satisfaction of all liabilities with respect to members, retirees, and their beneficiaries may any part of the principal of or interest from fund assets be used for or diverted to a purpose other than the exclusive benefit of the members, retirees, and their beneficiaries.
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Legislative History
Added by Acts 2005, 79th Leg., Ch. 803 (S.B. 522 ), Sec. 1, eff. September 1, 2005.
Nearby Sections
9
§ 861.001
DEFINITIONS.§ 861.002
PENSION SYSTEM.§ 861.003
POWERS AND PRIVILEGES.§ 861.004
EXEMPTION FROM EXECUTION.§ 861.005
NO DIVERSION OF ASSETS.§ 861.007
FORFEITURE NOT TO INCREASE BENEFITS.§ 861.008
IMMUNITY FROM LIABILITY.§ 861.009
VENUE.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 861.005, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/861.005.