{"data":{"id":"us-tx/tex.-occupations-code-1101.604","jurisdiction":"us-tx","citation":"Tex. Occupations Code § 1101.604","heading":"MANAGEMENT OF TRUST ACCOUNT.","body":"(a) The commission shall hold money credited to the trust account in trust to carry out the purpose of the trust account.\n(b) Money credited to the trust account may be invested in the same manner as money of the Employees Retirement System of Texas, except that an investment may not be made that would impair the liquidity necessary to make payments from the trust account as required by this subchapter.\n(c) Interest from the investments shall be deposited to the credit of the trust account.\n(d) Repealed by Acts 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(6), eff. January 1, 2024.\nAdded by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.\nAmended by:\nActs 2023, 88th Leg., R.S., Ch. 94 (S.B. 1577), Sec. 28(6), eff. January 1, 2024.","path":["OCCUPATIONS CODE","TITLE 7. PRACTICES AND PROFESSIONS RELATED TO REAL PROPERTY AND HOUSING","SUBTITLE A. PROFESSIONS RELATED TO REAL ESTATE","CHAPTER 1101. REAL ESTATE BROKERS AND SALES AGENTS","SUBCHAPTER M. REAL ESTATE RECOVERY TRUST ACCOUNT"],"source_url":"https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1101.htm#1101.604","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:31Z","sha256":"8a0b8df6fe331b7491527631b702e04fb96f613612d766db4d317742c111b3d7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-occupations-code-1101.603","next":"us-tx/tex.-occupations-code-1101.605"},"notice":"GroundRules: Original legal text. Not legal advice."}