Texas § GV.840.209 - INTEREST IN INVESTMENT PROFITS PROHIBITED

Full text of Texas The Texas Constitution § GV.840.209 — INTEREST IN INVESTMENT PROFITS PROHIBITED, with citation guidance and answers to common questions.

§ GV.840.209. INTEREST IN INVESTMENT PROFITS PROHIBITED

INTEREST IN INVESTMENT PROFITS PROHIBITED. Except for an interest in retirement funds as a member of the retirement system, a trustee or employee of the board of trustees may not have a direct or indirect interest in the gains or profits of any investment made by the board and may not receive any pay or emolument for services other than the person's designated compensation and authorized expenses. Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.209 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. SUBCHAPTER D. MANAGEMENT OF ASSETS

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § GV.840.209

What does The Texas Constitution § GV.840.209 cover?

Section GV.840.209 ("INTEREST IN INVESTMENT PROFITS PROHIBITED") 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.840.209?

A common citation format is "The Texas Constitution § GV.840.209" (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.840.209 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.