Texas Education Code

§ 54.716 — EFFECT OF TERMINATION OF PLAN ON SAVINGS TRUST AGREEMENT

ED § 54.716Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 54. TUITION AND FEES · Art. G. HIGHER EDUCATION SAVINGS PLAN

Statute text

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If the plan is terminated, the balance of each savings trust account shall be paid to the account owner, to the extent possible, and any unclaimed assets shall escheat to the state in accordance with general law regarding unclaimed property.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1250, Sec. 1, eff. June 15, 2001.