Sec. 845.502. INTEREST IN ASSETS. A particular person or subdivision has no right in a specific security or in an item of cash other than an undivided interest in the assets of the retirement system.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 55.502 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle F - Texas County and District Retirement System
Subchapter F. Miscellaneous Administrative Procedures
Section 845.501. Statement of Amount in Account
Section 845.502. Interest in Assets
Section 845.503. Authority to Recoup or Make Adjustments for Payments Made in Error
Section 845.504. Excess Benefit Program
Section 845.505. Undistributed Benefits