Sec. 609.118. TRUST FOR 401(K) PLAN

Latest version.

A political subdivision or group of political subdivisions that creates a 401(k) plan may:
(1) establish a trust to hold deferred amounts and investment income for the benefit of participating employees; and
(2) act as trustee of the trust.

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.

                    
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