Texas Statutes

§ 1575.306 — EMPLOYEE CONTRIBUTIONS PROPERTY OF FUND ON RECEIPT; NO REFUND.

Texas § 1575.306
JurisdictionTexas
Code INInsurance Code

This text of Texas § 1575.306 (EMPLOYEE CONTRIBUTIONS PROPERTY OF FUND ON RECEIPT; NO REFUND.) 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. Insurance Code Code Ann. § 1575.306 (2026).

Text

Sec. 1575.306. EMPLOYEE CONTRIBUTIONS PROPERTY OF FUND ON RECEIPT; NO REFUND. A contribution from an active employee:

(1)is the property of the fund on receipt by the trustee; and
(2)may not be refunded to the active employee under any circumstances, including termination of employment.

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Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.441, eff. Sept. 1, 2003.

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Bluebook (online)
Texas § 1575.306, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/1575.306.