Sec. 22.403. CONTRIBUTIONS. (a) A church benefits board may provide for:
(1) the collection of contributions and other payments to assist in providing pensions and benefits under this subchapter; and
(2) the creation, maintenance, investment, management, and disbursement of necessary annuities, endowments, reserves, or other funds for a purpose under Subdivision (1).
(b) A church benefits board may receive payments from a trust fund or corporation that funds a church plan as defined by Section 414(e), Internal Revenue Code.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Section: Previous 22.359 22.360 22.361 22.362 22.363 22.364 22.365 22.401 22.402 22.403 22.404 22.405 22.406 22.407 22.408 NextLast modified: September 28, 2016