Sec. 609.118.  TRUST FOR 401(K) PLAN.  A political subdivision or group of political subdivisions that creates a 401(k) plan may:
(1)  establish a trust to hold deferred amounts and investment income for the benefit of participating employees;  and
(2)  act as trustee of the trust.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.