Sec. 712.027. INVESTMENT OF FUND. (a) A trustee shall invest and manage the investment of the principal of a fund in accordance with the Texas Trust Code (Section 111.001 et seq., Property Code).
(b) An investment must be made at not more than the prevailing market value of the securities at the time of acquisition.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1993, 73rd Leg., ch. 634, Sec. 37, eff. Sept. 1, 1993.
Structure Texas Statutes
Title 8 - Death and Disposition of the Body
Subtitle C - Cemeteries and Crematories
Chapter 712 - Perpetual Care Cemeteries
Subchapter B. Perpetual Care Trust Fund
Section 712.020. Conflict With Other Law
Section 712.021. Establishment and Purposes of Fund
Section 712.022. Operation of Perpetual Care Cemetery
Section 712.023. Validity of Contributions
Section 712.024. Amendment of Trust Instrument
Section 712.025. Use of Fund Distributions
Section 712.0255. Judicial Modification or Termination of Fund
Section 712.026. Suit by Plot Owners to Maintain Perpetual Care
Section 712.027. Investment of Fund
Section 712.028. Amount of Fund Deposits From Sales
Section 712.029. Accounting for and Depositing Amounts
Section 712.030. Use of Gift for Special Care of Plot in Perpetual Care Cemetery