§ 9002. Account Enrollment.
10 CA ADC § 9002Barclays Official California Code of Regulations
10 CCR § 9002
§ 9002. Account Enrollment.
(b) Participation Agreement. An Eligible Individual or the Eligible Individual's Authorized Legal Representative must submit a completed and signed Participation Agreement in order to open an Account. The Participation Agreement governs the Account Owner's use of the Account. The Participation Agreement shall include, at a minimum, the following terms and conditions:
(9) Certification that the person seeking to open an account does not have another qualified ABLE program account in any state (except in the case of a Rollover). An Account Owner may not have more than one qualified ABLE program account in existence in any state at the same time. A qualified ABLE program account previously opened and closed in any state does not prohibit the subsequent creation of an ABLE Account for the same Account Owner.
Credits
Note: Authority cited: Section 4882, Welfare and Institutions Code. Reference: Sections 4875, 4877, 4878 and 4879, Welfare and Institutions Code; and Section 529A, Internal Revenue Code.
History
1. New section filed 2-21-2017 as a deemed emergency pursuant to Welfare and Institutions Code section 4882(b); operative 2-21-2017 (Register 2017, No. 8). A Certificate of Compliance must be transmitted to OAL by 8-21-2017 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 8-21-2017 as a deemed emergency pursuant to Welfare and Institutions Code section 4882(b); operative 8-21-2017 (Register 2017, No. 34). A Certificate of Compliance must be transmitted to OAL by 11-20-2017 or emergency language will be repealed by operation of law on the following day.
3. Certificate of Compliance as to 8-21-2017 order transmitted to OAL 8-24-2017 and filed 10-5-2017 (Register 2017, No. 40).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 9002, 10 CA ADC § 9002
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