Texas § FI.154.258 - INVESTMENT AND MANAGEMENT OF TRUST ASSETS
Full text of Texas The Texas Constitution § FI.154.258 — INVESTMENT AND MANAGEMENT OF TRUST ASSETS, with citation guidance and answers to common questions.
§ FI.154.258. INVESTMENT AND MANAGEMENT OF TRUST ASSETS
INVESTMENT AND MANAGEMENT OF TRUST ASSETS. (a) The trustee of a prepaid funeral benefits trust shall invest and manage trust assets in accordance with the Uniform Prudent Investor Act (Chapter 117 , Property Code), in a manner consistent with the requirements of this chapter and the purposes, terms, distribution requirements, and other circumstances of the trust. (b) The commission may adopt reasonable rules to administer and clarify law regarding the investment and management of prepaid funeral benefits trust funds, provided that the rules are consistent with the Uniform Prudent Investor Act (Chapter 117 , Property Code), the requirements of this chapter, and the purposes, terms, distribution requirements, and other circumstances of a prepaid funeral benefits trust, including rules to: (1) define trust and investment terms; (2) specify standards applicable to the written investment plan required by Section 154.257; and (3) establish guidelines, rebuttable presumptions, or safe harbor provisions with respect to suitable investments and investment strategies for a prepaid funeral benefits trust. (c) Repealed by Acts 2007, 80th Leg., R.S., Ch. 720, Sec. 4(1), eff. September 1, 2007. (d) Repealed by Acts 2007, 80th Leg., R.S., Ch. 720, Sec. 4(1), eff. September 1, 2007. (e) Repealed by Acts 2007, 80th Leg., R.S., Ch. 720, Sec. 4(1), eff. September 1, 2007. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.41(a), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 344, Sec. 2.026, eff. Sept. 1, 1999; Acts 2001, 77th Leg., ch. 1420, Sec. 6.028, eff. Sept. 1, 2001. Amended by: Acts 2007, 80th Leg., R.S., Ch. 720 (H.B. 2393 ), Sec. 2, eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 720 (H.B. 2393 ), Sec. 3, eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 720 (H.B. 2393 ), Sec. 4(1), eff. September 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.154.258
What does The Texas Constitution § FI.154.258 cover?
Section FI.154.258 ("INVESTMENT AND MANAGEMENT OF TRUST ASSETS") 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 § FI.154.258?
A common citation format is "The Texas Constitution § FI.154.258" (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 § FI.154.258 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.