Texas Codes

Tex. Educ. Code § 45.107 (2026)

Investment Of Gifts, Devises, And Bequests

✓ current as of May 2026

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Sec. 45.107. INVESTMENT OF GIFTS, DEVISES, AND BEQUESTS. A gift, devise, or bequest made to a school district to provide college scholarships for graduates of the district may be invested by the board of trustees of the district as provided by Section 117.004, Property Code, unless otherwise specifically provided by the terms of the gift, devise, or bequest.

Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995. Amended by Acts 2003, 78th Leg., ch. 1103, Sec. 9, eff. Jan. 1, 2004.

Notes of Decisions

Cited in 1 case, 2007–2007 · leading case: Brad Lane v. Sharon Birline Young, Bridgette & William Wright & Rita Johnson (Tex. App. 2007).

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Brad Lane v. Sharon Birline Young, Bridgette & William Wright & Rita Johnson (Tex. App. 2007). · cites it 2× “Laws 2207 , 2440 (amended 2003) (current version at Tex. Educ. Code Ann. § 45.107 (Vernon 2006)); see also Act of May 27, 1983, 68 th Leg.”

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