102.152 – TREATMENT OF ANNUITY AS CHARITABLE GIFT ANNUITY;
Texas Insurance Code § 102.152
Summary
This law establishes that an annuity treated as a charitable gift annuity by a donor will be recognized as such in legal proceedings. It applies to donors and their heirs or distributees, ensuring the annuity is considered a charitable gift issued by a qualified organization.
Recognizes donor's treatment of annuity in legal contexts.
Applies to donors and their heirs or distributees.
Ensures annuity is seen as a charitable gift annuity.
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In simple terms: Learn about Texas's TREATMENT OF ANNUITY AS CHARITABLE GIFT ANNUITY; law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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