Tex. Gov't Code § 2270.0207 · Subchapter E. DUTIES REGARDING INVESTMENTS
INVESTMENTS EXEMPTED FROM DIVESTMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An investing entity is not required to divest from any indirect holdings in actively managed investment funds or private equity funds. The investing entity shall submit letters to the managers of investment funds containing listed companies requesting that they consider removing those companies from the fund or create a similar actively managed fund with indirect holdings devoid of listed companies. If the manager creates a similar fund with substantially the same management fees and same level of investment risk, the investing entity shall replace all applicable investments with investments in the similar fund in an expedited time frame consistent with prudent fiduciary standards.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 1375 (S.B. 247), Sec. 2, eff. January 1, 2008.
Transferred, redesignated and amended from Government Code, Chapter 806 by Acts 2017, 85th Leg., R.S., Ch. 96 (S.B. 253), Sec. 4, eff. May 23, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2270.htm
- Text hash
- sha256 6464c0fb81e4cfdebe801458f603f9f30651c51f642e2a9bcdb8a081245d07a6
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 4 provisions
Provisions in this library whose text cites Tex. Gov't Code § 2270.0207. Each shows the citation as that text prints it.
Government Code
- Tex. Gov't Code § 2270.02035ACTIONS RELATED TO LISTED COMPANY OWNED OR CONTROLLED BY OR LOCATED IN COUNTRY OF CONCERN.Printed as Section 2270.0207
- Tex. Gov't Code § 2270.0204ACTIONS RELATING TO LISTED COMPANY ENGAGED IN ACTIVE BUSINESS OPERATIONS.Printed as Section 2270.0207
- Tex. Gov't Code § 2270.0205ACTIONS RELATING TO LISTED COMPANY COMPLICIT IN GENOCIDE.Printed as Section 2270.0207
- Tex. Gov't Code § 2270.0252REPORT.Printed as Section 2270.0207
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.