Tex. Educ. Code § 54.907 · Subchapter J. TEXAS ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) PROGRAM
EXEMPTION FROM SECURITIES LAWS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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).
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.09, eff. January 1, 2022.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ED/htm/ED.54.htm
- Text hash
- sha256 5b051fa9c2e61357dfa89c739845aef2fef49a0b6cf3aaf275a7041a27c9a0c6
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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