Tex. Gov't Code § 609.011 · Subchapter A. GENERAL PROVISIONS
NOTIFICATION BY PLAN ADMINISTRATOR.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The plan administrator of a plan established under this chapter may notify an employee participating in the plan that the administrator believes that:
(1) a qualified vendor is having significant financial difficulties; or
(2) the amount of the employee's deferred amounts and investment income invested with a qualified vendor exceeds an insured or guaranteed level.
(b) A plan administrator is not liable to a participating employee for a loss resulting from the failure to notify the employee under this section.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 2003, 78th Leg., ch. 1111, Sec. 2, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.609.htm
- Text hash
- sha256 be60d3c0d929197609973d3f3df6ba02b18ba6b005cbe78051fd0cc8acde26cc
- 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
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.