Tex. Health & Safety Code § 712.0351 · Subchapter B-1. DISTRIBUTIONS FROM FUND
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this subchapter:
(1) "Net income fund" means a fund from which permissible distributions are calculated based on the net income method.
(2) "Net income method" means calculation of permissible annual distributions by the trustee as equal to the annual net income of the fund.
(3) "Total return fund" means a fund from which permissible distributions are calculated based on the total return method.
(4) "Total return method" means the calculation of permissible annual distributions by the trustee as equal to the average fair market value of the assets in the fund, determined under Section 712.0353, multiplied by the total return percentage.
(5) "Total return percentage" means the annual percentage selected by the trustee in accordance with Section 712.0354.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 1051 (H.B. 1948), Sec. 1, eff. September 1, 2017.
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 9245b28b73e9bc3e6d8feed53b98374ddda4ddf65bd5242723251a5cc228e551
- 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
This section cites
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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.