Education Code › Title 3 › Chapter 54 › Subchapter J

Texas Education Code § 54.907

Exemption from Securities Laws

Tuition and Fees · Texas Achieving a Better Life Experience (able) Program

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).

Official text of the Texas Education Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.

Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.09, eff. January 1, 2022.

Other codes referenced

Gov't § 4001.068