Texas § OC.2001.439 - TRUST AGREEMENT
Full text of Texas The Texas Constitution § OC.2001.439 — TRUST AGREEMENT, with citation guidance and answers to common questions.
§ OC.2001.439. TRUST AGREEMENT
TRUST AGREEMENT. (a) Notwithstanding any other provision of this subchapter, a unit may be formed pursuant to a trust agreement between two or more licensed authorized organizations that conduct bingo at the same location. The agreement must: (1) designate one of the organizations as the trustee; (2) designate a person who will carry out the duties described by Section 2001.438 (b); (3) specify the method by which the unit will comply with the requirements of Section 2001.436 (a); and (4) state that the trustee is responsible for compliance with the rules of the commission and this chapter. (b) The commission by rule may prohibit a person from serving as a unit manager or as a designated agent for a unit that does not use a unit manager if the person has failed to comply with the duties required of the person as a unit manager or designated agent. (c) The commission may prohibit a person who serves as a designated agent that is listed on a license under this chapter, including having been approved by the commission to work in the bingo operations of a licensed authorized organization or as an operator, from holding or being listed on any license or from being approved to work in the bingo operations of any licensed authorized organization or to serve as an operator if the person has failed to comply with the duties required of the person as a unit manager or designated agent. Added by Acts 2003, 78th Leg., ch. 1114, Sec. 19, eff. Sept. 1, 2003. SUBCHAPTER J. BINGO ACCOUNTS AND USE OF PROCEEDS
Frequently Asked Questions About Texas § OC.2001.439
What does The Texas Constitution § OC.2001.439 cover?
Section OC.2001.439 ("TRUST AGREEMENT") 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 § OC.2001.439?
A common citation format is "The Texas Constitution § OC.2001.439" (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 § OC.2001.439 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.