Texas § PR.121.001 - PENSION TRUSTS
Full text of Texas The Texas Constitution § PR.121.001 — PENSION TRUSTS, with citation guidance and answers to common questions.
§ PR.121.001. PENSION TRUSTS
PENSION TRUSTS. (a) For the purposes of this subchapter, a pension trust is an express trust: (1) containing or relating to property; (2) created by an employer as part of a stock-bonus plan, pension plan, disability or death benefit plan, or profit-sharing plan for the benefit of some or all of the employer's employees; (3) to which contributions are made by the employer, by some or all of the employees, or by both; and (4) created for the principal purpose of distributing to the employees, or the successor to their beneficial interest in the trust, the principal or income, or both, of the property held in trust. (b) This subchapter applies to a pension trust regardless of when the trust was created. Acts 1983, 68th Leg., p. 3691, ch. 576, Sec. 1, eff. Jan. 1, 1984.
Frequently Asked Questions About Texas § PR.121.001
What does The Texas Constitution § PR.121.001 cover?
Section PR.121.001 ("PENSION TRUSTS") 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 § PR.121.001?
A common citation format is "The Texas Constitution § PR.121.001" (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 § PR.121.001 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.