Texas § 54.756 PURCHASER; BENEFICIARY.

Texas Statutes

§ 54.756 — PURCHASER; BENEFICIARY.

Texas § 54.756

Code EDEducation Code

This text of Texas § 54.756 (PURCHASER; BENEFICIARY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Education Code Code Ann. § 54.756 (2026).

Text

Sec. 54.756. PURCHASER; BENEFICIARY.

(a)A purchaser may be any person who is permitted to be a purchaser under Section 529, Internal Revenue Code of 1986. The purchaser is not required to be a resident of this state, except as provided by Subsection (c)(2).

(b)In accordance with applicable provisions of Section 529, Internal Revenue Code of 1986, a purchaser is the owner of the account to which the purchaser's prepaid tuition contract money is assigned.

(c)At the time the purchaser enters into a prepaid tuition contract, the beneficiary of the contract must be:

(1)a resident of this state at the time the purchaser enters into the contract; or

(2)a nonresident who is the child of a parent who is a resident of this state at the time that parent enters into the contract.

(d)For purposes

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Sec. 54.756. PURCHASER; BENEFICIARY. (a) A purchaser may be any person who is permitted to be a purchaser under Section 529, Internal Revenue Code of 1986. The purchaser is not required to be a resident of this state, except as provided by Subsection (c)(2).
(b) In accordance with applicable provisions of Section 529, Internal Revenue Code of 1986, a purchaser is the owner of the account to which the purchaser's prepaid tuition contract money is assigned.
(c) At the time the purchaser enters into a prepaid tuition contract, the beneficiary of the contract must be:
(1) a resident of this state at the time the purchaser enters into the contract; or
(2) a nonresident who is the child of a parent who is a resident of this state at the time that parent enters into the contract.
(d) For purposes of Subsection (c), the board may require a reasonable period of residence in this state for a beneficiary or the parent of a beneficiary.
(e) Notwithstanding any provision of Subchapter B, the tuition and required fees charged by a general academic teaching institution or two-year institution of higher education that are paid for with tuition units shall be determined as if the beneficiary of that contract were a resident student.