Gavvy: Ins. Code, Sec. 1579.254. Contributions Held in Trust for Fund.

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Sec. 1579.254. Contributions Held in Trust for Fund.

Sec. 1579.254. CONTRIBUTIONS HELD IN TRUST FOR FUND. A participating entity:

(1) shall hold contributions required by this subchapter in trust for the Texas school employees uniform group coverage trust fund and its participants; and

(2) may not divert the contributions for any other purpose.

Added by Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 53, eff. September 1, 2005.

Gavvy last updated this database on: Sep 6, 2024