Texas § HS.712.0351 - DEFINITIONS
Full text of Texas The Texas Constitution § HS.712.0351 — DEFINITIONS, with citation guidance and answers to common questions.
§ HS.712.0351. DEFINITIONS
DEFINITIONS. In this subchapter: (1) "Net income fund" means a fund from which permissible distributions are calculated based on the net income method. (2) "Net income method" means calculation of permissible annual distributions by the trustee as equal to the annual net income of the fund. (3) "Total return fund" means a fund from which permissible distributions are calculated based on the total return method. (4) "Total return method" means the calculation of permissible annual distributions by the trustee as equal to the average fair market value of the assets in the fund, determined under Section 712.0353 , multiplied by the total return percentage. (5) "Total return percentage" means the annual percentage selected by the trustee in accordance with Section 712.0354 . Added by Acts 2017, 85th Leg., R.S., Ch. 1051 (H.B. 1948 ), Sec. 1, eff. September 1, 2017.
Frequently Asked Questions About Texas § HS.712.0351
What does The Texas Constitution § HS.712.0351 cover?
Section HS.712.0351 ("DEFINITIONS") 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 § HS.712.0351?
A common citation format is "The Texas Constitution § HS.712.0351" (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 § HS.712.0351 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.