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.
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