Texas Education Code § 54.716 Effect Of Termination Of Plan On Savings Trust Agreement

Sec. 54.716. EFFECT OF TERMINATION OF PLAN ON SAVINGS TRUST AGREEMENT. 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.

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

Section: Previous  54.709  54.710  54.711  54.712  54.713  54.714  54.715  54.716  54.751  54.752  54.753  54.754  54.755  54.756  54.757  Next

Last modified: September 28, 2016