Tex. Health & Safety Code § 712.027 · Subchapter B. PERPETUAL CARE TRUST FUND
INVESTMENT OF FUND.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A trustee shall invest and manage the investment of the principal of a fund in accordance with the Texas Trust Code (Section 111.001 et seq., Property Code).
(b) An investment must be made at not more than the prevailing market value of the securities at the time of acquisition.
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1993, 73rd Leg., ch. 634, Sec. 37, eff. Sept. 1, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.712.htm
- Text hash
- sha256 774661dcf469088007f2780ba44532e9f18c3ee8c7464aae9e51b62afcd736dd
- 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.