Texas § IN.102.002 - QUALIFIED CHARITABLE GIFT ANNUITY
Full text of Texas The Texas Constitution § IN.102.002 — QUALIFIED CHARITABLE GIFT ANNUITY, with citation guidance and answers to common questions.
§ IN.102.002. QUALIFIED CHARITABLE GIFT ANNUITY
QUALIFIED CHARITABLE GIFT ANNUITY. A charitable gift annuity is a qualified charitable gift annuity for purposes of this chapter if it was issued before September 1, 1995, or if it is: (1) described by Section 501(m)(5), Internal Revenue Code of 1986; and (2) issued by a charitable organization that on the date of the annuity agreement: (A) has, exclusive of the assets funding the annuity agreement, a minimum of $100,000 in unrestricted cash, cash equivalents, or publicly traded securities; and (B) has been in continuous operation for at least three years or is a successor or affiliate of a charitable organization that has been in continuous operation for at least three years. Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999. SUBCHAPTER B. ISSUANCE OF CHARITABLE GIFT ANNUITY
Frequently Asked Questions About Texas § IN.102.002
What does The Texas Constitution § IN.102.002 cover?
Section IN.102.002 ("QUALIFIED CHARITABLE GIFT ANNUITY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.102.002?
A common citation format is "The Texas Constitution § IN.102.002" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.102.002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.