Texas Vernon’s Civil Statutes
Sec. § 7.51


A member of the board, the executive director, or another employee of the fund may not buy, sell, or exchange any property to or from the fund, deal with the assets of the fund in the persons own interest or for the persons own account, or receive any consideration for the persons personal account from any person dealing with the fund in connection with the income or assets of the fund.


To implement Subsection (a) of this section and to strengthen the faith and confidence of the members and beneficiaries of the fund, the board shall develop standards of conduct and financial disclosure requirements to be observed by each member of the board and by the executive director in the performance of official duties.


Repealed by Acts 1997, 75th Leg., ch. 35, Sec. 37, eff. Oct. 1, 1997.
Last accessed
Nov. 13, 2019