Texas § ED.54.910 - DESIGNATED BENEFICIARY
Full text of Texas The Texas Constitution § ED.54.910 — DESIGNATED BENEFICIARY, with citation guidance and answers to common questions.
§ ED.54.910. DESIGNATED BENEFICIARY
DESIGNATED BENEFICIARY. (a) The participant is the designated beneficiary and the owner of the ABLE account except as described by Subsection (b) and as otherwise permitted by Section 529A, Internal Revenue Code. (b) If the designated beneficiary of the account is not able to exercise signature authority over the account, or if a designated beneficiary chooses to establish an account but not exercise signature authority, the parent, legal guardian, or other fiduciary of the beneficiary may serve as the participant if permitted by Section 529A, Internal Revenue Code. (c) A designated beneficiary may own only one ABLE account, and each ABLE account may have only one owner, except as otherwise permitted by Section 529A, Internal Revenue Code. Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664 ), Sec. 2, eff. June 19, 2015. Amended by: Acts 2019, 86th Leg., R.S., Ch. 527 (S.B. 1184 ), Sec. 1, eff. June 7, 2019.
Frequently Asked Questions About Texas § ED.54.910
What does The Texas Constitution § ED.54.910 cover?
Section ED.54.910 ("DESIGNATED BENEFICIARY") 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 § ED.54.910?
A common citation format is "The Texas Constitution § ED.54.910" (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 § ED.54.910 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.