Tex. Gov't Code Section 840.209
Interest in Investment Profits Prohibited

Except for an interest in retirement funds as a member of the retirement system, a trustee or employee of the board of trustees may not have a direct or indirect interest in the gains or profits of any investment made by the board and may not receive any pay or emolument for services other than the person’s designated compensation and authorized expenses.

Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985. Renumbered from Vernon’s Ann.Civ.St. Title 110B, Sec. 75.209 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.

Source: Section 840.209 — Interest in Investment Profits Prohibited, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.840.htm#840.209 (accessed May 4, 2024).

840.001
General Administration 840.002
Rulemaking 840.003
Administering System Assets 840.004
Designation of Authority to Sign Vouchers 840.005
Adopting Tables and Rates 840.006
Records of Board of Trustees 840.007
Report 840.008
Correction of Errors 840.009
Provisions Inapplicable to Cash Balance Group Members 840.102
Collection of Certain Member Contributions 840.103
Collection of State Contributions 840.105
Employer Pickup of Member Contributions 840.106
Action Increasing Amortization Period 840.201
Legal Adviser 840.202
Medical Board 840.203
Other Physicians 840.204
Actuary 840.205
Financial and Investment Services 840.206
Comptroller 840.207
Compensation of Employees 840.209
Interest in Investment Profits Prohibited 840.301
Investment of Assets 840.303
Duty of Care 840.304
Cash on Hand 840.305
Establishment of Fund and Accounts 840.306
Interest Rate 840.402
Retirement System Records 840.403
Reproduction and Preservation of Records 840.404
Budget and Actuarial Information 840.405
Trustee-to-trustee Transfer 840.406
Plan Qualification 840.407
Excess Benefit Arrangement 840.3011
Custody and Investment of Assets Pending Transactions 840.3012
Securities Lending 840.3013
Nominee to Hold Securities

Accessed:
May 4, 2024

§ 840.209’s source at texas.gov

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The State Bar of Texas runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral & Information Service (LRIS)

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://texas.public.law/statutes/tex._gov't_code_section_840.209

Original Source: Section 840.209 — Interest in Investment Profits Prohibited, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.840.htm#840.209 (last accessed May 4, 2024).