Texas § HS.712.0357 - NATURE OF TOTAL RETURN DISTRIBUTIONS
Full text of Texas The Texas Constitution § HS.712.0357 — NATURE OF TOTAL RETURN DISTRIBUTIONS, with citation guidance and answers to common questions.
§ HS.712.0357. NATURE OF TOTAL RETURN DISTRIBUTIONS
NATURE OF TOTAL RETURN DISTRIBUTIONS. (a) A distribution from a total return fund is considered a distribution of all income of the fund that reasonably apportions the total return of the fund, and may not be considered a fundamental departure from applicable state law. (b) Unless the trust instrument provides otherwise, the trustee of a total return fund shall treat a distribution as first being made from the following sources in order of priority: (1) from net accounting income; (2) from ordinary accounting income not allocable to net accounting income; (3) from net realized short-term capital gains; (4) from net realized long-term capital gains; and (5) from the principal of the fund. Added by Acts 2017, 85th Leg., R.S., Ch. 1051 (H.B. 1948 ), Sec. 1, eff. September 1, 2017. SUBCHAPTER C. REGULATION AND ENFORCEMENT
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § HS.712.0357
What does The Texas Constitution § HS.712.0357 cover?
Section HS.712.0357 ("NATURE OF TOTAL RETURN DISTRIBUTIONS") 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.712.0357?
A common citation format is "The Texas Constitution § HS.712.0357" (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.712.0357 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.