Sec. 609.703.  DESIGNATION OF PLAN ADMINISTRATOR.  (a)  An institution of higher education that creates a deferred compensation plan shall designate a plan administrator for the plan.
(b)  Institutions of higher education that create a single plan shall designate jointly a plan administrator for the plan.
(c)  A plan administrator may be an employee, a nonprofit corporation, an individual, a trustee, a private entity, another institution of higher education, or an association of institutions of higher education.
Added by Acts 2003, 78th Leg., ch. 1266, Sec. 2.05, eff. Jan. 1, 2004.