{"data":{"id":"us-tx/tex.-health-and-safety-code-712.0357","jurisdiction":"us-tx","citation":"Tex. Health and Safety Code § 712.0357","heading":"NATURE OF TOTAL RETURN DISTRIBUTIONS.","body":"(a) A distribution from a total return fund is considered a distribution of all income of the fund that reasonably apportions the total return of the fund, and may not be considered a fundamental departure from applicable state law.\n(b) Unless the trust instrument provides otherwise, the trustee of a total return fund shall treat a distribution as first being made from the following sources in order of priority:\n(1) from net accounting income;\n(2) from ordinary accounting income not allocable to net accounting income;\n(3) from net realized short-term capital gains;\n(4) from net realized long-term capital gains; and\n(5) from the principal of the fund.\nAdded by Acts 2017, 85th Leg., R.S., Ch. 1051 (H.B. 1948), Sec. 1, eff. September 1, 2017.","path":["HEALTH AND SAFETY CODE","TITLE 8. DEATH AND DISPOSITION OF THE BODY","SUBTITLE C. CEMETERIES AND CREMATORIES","CHAPTER 712. PERPETUAL CARE CEMETERIES","SUBCHAPTER B-1. DISTRIBUTIONS FROM FUND"],"source_url":"https://statutes.capitol.texas.gov/Docs/HS/htm/HS.712.htm#712.0357","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:17Z","sha256":"46c0140ac473d2326bd7900facfbc63251903f9c34fd4a4667524fc184d30906","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-health-and-safety-code-712.0356","next":"us-tx/tex.-health-and-safety-code-712.041"},"notice":"GroundRules: Original legal text. Not legal advice."}