Tex. Educ. Code § 54.907

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 54.907 - Exemption From Securities Laws

An ABLE account is not a security within the meaning of the term as defined by Section 4001.068, Government Code , and is exempt from the provisions of The Securities Act (Title 12, Government Code) .

Tex. Educ. Code § 54.907

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 2.09, eff. 1/1/2022.

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1213,Sec. 2, eff. 6/19/2015.