The registration requirements of The Securities Act (Title 12, Government Code) do not apply to the sale of a prepaid tuition contract by the board or by a registered securities dealer or registered investment adviser.
Tex. Educ. Code § 54.6385
EXEMPTION FROM SECURITIES LAWS
Added by Acts 1995, 74th Leg., ch. 1032, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.