Texas § GV.825.3013 - TITLE-HOLDING ENTITIES
Full text of Texas The Texas Constitution § GV.825.3013 — TITLE-HOLDING ENTITIES, with citation guidance and answers to common questions.
§ GV.825.3013. TITLE-HOLDING ENTITIES
TITLE-HOLDING ENTITIES; INVESTMENTS IN REAL PROPERTY. (a) The retirement system may form a title-holding entity for the purpose of investing the retirement system's assets in real property. The title-holding entity must be: (1) wholly owned, organized, and controlled by the system; and (2) exempt from taxation under Section 501(a), Internal Revenue Code of 1986, as an organization described by Section 501(c) of that code. (b) Subject to Subsection (a)(2), a title-holding entity formed under this section may hold title to real property jointly with another person. (c) The board of trustees shall adopt policies for the governance, management, and reporting for a title-holding entity formed under this section. (d) The following persons may not be employed by, receive compensation from, be a party to a contract with or a direct or indirect financial beneficiary of a contract with, or hold a direct or indirect interest in a title-holding entity formed by the retirement system under this section: (1) a trustee or employee of the system; or (2) a relative of a trustee or employee of the system within the second degree of consanguinity or affinity, as determined under Chapter 573 . (e) Chapter 551 and Subtitles D and F, Title 10, do not apply to a title-holding entity formed under this section. Added by Acts 2023, 88th Leg., R.S., Ch. 1093 (S.B. 1246 ), Sec. 6, eff. June 18, 2023.
Frequently Asked Questions About Texas § GV.825.3013
What does The Texas Constitution § GV.825.3013 cover?
Section GV.825.3013 ("TITLE-HOLDING ENTITIES") 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.825.3013?
A common citation format is "The Texas Constitution § GV.825.3013" (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.825.3013 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.