Texas § GV.808.055 - INVESTMENTS EXEMPTED FROM DIVESTMENT
Full text of Texas The Texas Constitution § GV.808.055 — INVESTMENTS EXEMPTED FROM DIVESTMENT, with citation guidance and answers to common questions.
§ GV.808.055. INVESTMENTS EXEMPTED FROM DIVESTMENT
INVESTMENTS EXEMPTED FROM DIVESTMENT. A state governmental entity is not required to divest from any indirect holdings in actively or passively managed investment funds or private equity funds. The state governmental entity shall submit letters to the managers of each investment fund containing listed companies requesting that they remove those companies from the fund or create a similar actively or passively managed fund with indirect holdings devoid of listed companies. If a manager creates a similar fund with substantially the same management fees and same level of investment risk and anticipated return, the state governmental entity may replace all applicable investments with investments in the similar fund in a time frame consistent with prudent fiduciary standards but not later than the 450th day after the date the fund is created. Added by Acts 2017, 85th Leg., R.S., Ch. 1 (H.B. 89 ), Sec. 2, eff. September 1, 2017.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.808.055
What does The Texas Constitution § GV.808.055 cover?
Section GV.808.055 ("INVESTMENTS EXEMPTED FROM DIVESTMENT") 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.808.055?
A common citation format is "The Texas Constitution § GV.808.055" (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.808.055 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.