Texas § CP.103.053 - ANNUITY COMPENSATION GENERALLY
Full text of Texas The Texas Constitution § CP.103.053 — ANNUITY COMPENSATION GENERALLY, with citation guidance and answers to common questions.
§ CP.103.053. ANNUITY COMPENSATION GENERALLY
ANNUITY COMPENSATION GENERALLY; STANDARD ANNUITY PAYMENTS. (a) A person entitled to compensation under Section 103.001 (a) is entitled to standard annuity payments under this section unless the person elects to receive alternative annuity payments under Section 103.0535 . (a-1) Standard annuity payments are based on a present value sum equal to the amount to which the person is entitled under Sections 103.052 (a)(1) and (b). (b) Standard annuity payments are payable in equal monthly installments for the life of the claimant. (c) Annuity payments under this chapter must be based on a five percent per annum interest rate and other actuarial factors within the discretion of the comptroller. Annuity payments under this chapter may not be accelerated, deferred, increased, or decreased. A person entitled to annuity payments under this chapter, including a claimant's spouse or designated beneficiary entitled to payments under Section 103.0535 , may not sell, mortgage or otherwise encumber, or anticipate the payments, wholly or partly, by assignment or otherwise. Added by Acts 2009, 81st Leg., R.S., Ch. 180 (H.B. 1736 ), Sec. 6, eff. September 1, 2009. Amended by: Acts 2015, 84th Leg., R.S., Ch. 689 (H.B. 638 ), Sec. 1, eff. September 1, 2015.
Frequently Asked Questions About Texas § CP.103.053
What does The Texas Constitution § CP.103.053 cover?
Section CP.103.053 ("ANNUITY COMPENSATION GENERALLY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § CP.103.053?
A common citation format is "The Texas Constitution § CP.103.053" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § CP.103.053 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.