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Current as of January 01, 2024 | Updated by Findlaw Staff
Except for an interest in retirement funds as a member of the retirement system, a trustee or employee of the board of trustees may not have a direct or indirect interest in the gains or profits of any investment made by the board and may not receive any pay or emolument for services other than the person's designated compensation and authorized expenses.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 840.209. Interest in Investment Profits Prohibited - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-840-209/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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