Texas Statutes
§ 54.759 — CHANGE OF BENEFICIARY.
Texas § 54.759
JurisdictionTexas
Code EDEducation Code
This text of Texas § 54.759 (CHANGE OF 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. § 54.759 (2026).
Text
Sec. 54.759. CHANGE OF BENEFICIARY.
(a)The purchaser of a prepaid tuition contract may designate a different beneficiary in place of the original beneficiary if the new beneficiary meets the requirements of a beneficiary on the date the designation is changed. The new beneficiary must meet the requirements of Section 529, Internal Revenue Code of 1986, to prevent the change of beneficiary from being treated as a distribution under that law.
(b)The board may adjust the terms of the contract so that the purchaser is required to pay the amount the purchaser would have been required to pay had the purchaser originally designated the new beneficiary as the beneficiary, taking into account any payments made before the date the designation is changed.
(c)The board may not impose a fee in conne
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Legislative History
Added by Acts 2007, 80th Leg., R.S., Ch. 1281 (H.B. 3900 ), Sec. 1, eff. June 15, 2007.
Nearby Sections
15
§ 54.001
DEFINITIONS.§ 54.002
APPLICABILITY OF CHAPTER.§ 54.004
RETENTION AND USE OF FUNDS.§ 54.005
RIGHT TO COLLECT SPECIAL FEES.§ 54.006
REFUND OR ADJUSTMENT OF TUITION AND MANDATORY FEES FOR DROPPED COURSES AND STUDENT WITHDRAWALS.§ 54.0071
AUTHORITY OF INSTITUTION TO PROVIDE PAYMENT OPTIONS FOR STUDENT WITH DELAYED FINANCIAL AID.§ 54.010
REDUCTION IN TUITION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 54.759, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/54.759.