# Tex. Government Code § 861.005: NO DIVERSION OF ASSETS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C861_S861.005

## Section

- **Citation:** Tex. Government Code § 861.005
- **Heading:** NO DIVERSION OF ASSETS
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code gv / Chapter 861 / Section 861.005

## Text

The fund must be maintained for the exclusive benefit of members, retirees, and their beneficiaries. At no time before the termination of the fund and the satisfaction of all liabilities with respect to members, retirees, and their beneficiaries may any part of the principal of or interest from fund assets be used for or diverted to a purpose other than the exclusive benefit of the members, retirees, and their beneficiaries.

## Nearby sections

- [Tex. Government Code § 861.001 § 861.001. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C861_S861.001.md)
- [Tex. Government Code § 861.002 § 861.002. PENSION SYSTEM.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C861_S861.002.md)
- [Tex. Government Code § 861.003 § 861.003. POWERS AND PRIVILEGES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C861_S861.003.md)
- [Tex. Government Code § 861.004 § 861.004. EXEMPTION FROM EXECUTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C861_S861.004.md)
- [Tex. Government Code § 861.005 § 861.005. NO DIVERSION OF ASSETS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C861_S861.005.md)
- [Tex. Government Code § 861.006 § 861.006. PLAN QUALIFICATION AND DISTRIBUTIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C861_S861.006.md)
- [Tex. Government Code § 861.007 § 861.007. FORFEITURE NOT TO INCREASE BENEFITS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C861_S861.007.md)
- [Tex. Government Code § 861.008 § 861.008. IMMUNITY FROM LIABILITY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C861_S861.008.md)
- [Tex. Government Code § 861.009 § 861.009. VENUE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C861_S861.009.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C861_S861.005. Check the current official text before relying on it. Not legal advice.