{"data":{"id":"us-tx/tex.-education-code-54.907","jurisdiction":"us-tx","citation":"Tex. Education Code § 54.907","heading":"EXEMPTION FROM SECURITIES LAWS.","body":"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).\nAdded by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.09, eff. January 1, 2022.","path":["EDUCATION CODE","TITLE 3. HIGHER EDUCATION","SUBTITLE A. HIGHER EDUCATION IN GENERAL","CHAPTER 54. TUITION AND FEES","SUBCHAPTER J. TEXAS ACHIEVING A BETTER LIFE EXPERIENCE (ABLE) PROGRAM"],"source_url":"https://statutes.capitol.texas.gov/Docs/ED/htm/ED.54.htm#54.907","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:05Z","sha256":"5cf10ad0c18198ffd8f60395b7650ecb987383a01385c47708111bbfd4ce80c9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-education-code-54.9065","next":"us-tx/tex.-education-code-54.908"},"notice":"GroundRules: Original legal text. Not legal advice."}