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HB 618, 54th R.S.

Relating to defining Pension Trusts; providing that Pension Trusts are Trusts within the meaning of the Texas Trust Act; to provide that such Pension Trusts shall not be deemed perpetuities nor unreasonable accumulations; to declare the effect of this Act upon Pension Trusts created under the Laws of this State and those created elsewhere; to express the intent of the Legislature in passing this Act.

Author: Harold Barefoot Sanders, Jr.

Session Law Chapter:
Acts 1955, 54th R.S.,ch. 521, General and Special Laws of Texas

Subjects:
Retirement Systems--General
TRUSTS

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