Texas § GV.609.513 - DISCRETIONARY TRANSFER
Full text of Texas The Texas Constitution § GV.609.513 — DISCRETIONARY TRANSFER, with citation guidance and answers to common questions.
§ GV.609.513. DISCRETIONARY TRANSFER
DISCRETIONARY TRANSFER. (a) The board of trustees may transfer an employee's deferred amounts and investment income from a qualified investment product to the trust fund of the deferred compensation plan in which the employee participates if the board of trustees determines that the transfer is in the best interest of the plan and the employee. (b) The board of trustees is not required to give notice of a transfer under Subsection (a) to the employee before the transfer occurs. (c) Promptly after a transfer under Subsection (a) occurs, the board of trustees shall give to the employee a notice that: (1) states the reason for the transfer; and (2) requests that the employee promptly designate another qualified investment product to receive the transferred amount. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Frequently Asked Questions About Texas § GV.609.513
What does The Texas Constitution § GV.609.513 cover?
Section GV.609.513 ("DISCRETIONARY TRANSFER") 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 § GV.609.513?
A common citation format is "The Texas Constitution § GV.609.513" (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 § GV.609.513 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.