163.004 – STANDARD OF CONDUCT IN MANAGING AND INVESTING
Texas Property Code § 163.004
Summary
This law outlines the standard of conduct for institutions managing and investing their funds, emphasizing the need to adhere to the donor's intent and the charitable purposes of the institution. It affects institutions that handle charitable funds and the individuals responsible for their management.
Institutions must follow donor intent in fund management.
Charitable purposes of the institution must be considered.
Responsible individuals must comply with loyalty duties.
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In simple terms: Learn about Texas's STANDARD OF CONDUCT IN MANAGING AND INVESTING law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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