Sec. 407A.353. REFUNDS

Latest version.

(a) The board of trustees may declare refundable any money for a fund year in excess of the amount necessary to fund all obligations.
(b) The board of trustees shall give each member a written description of the group's refund plan at the time of application for membership.

Added by Acts 2003, 78th Leg., ch. 275, Sec. 1, eff. Sept. 1, 2003.

                    
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