§ 18-19B-02. Maryland Broker-Dealer College Investment Plan
West's Annotated Code of MarylandEducationEffective: June 1, 2023
Effective: June 1, 2023
MD Code, Education, § 18-19B-02
§ 18-19B-02. Maryland Broker-Dealer College Investment Plan
(b) The purpose of the Broker-Dealer Plan is to provide for a broker-dealer distributed vehicle that would allow contributions to an investment account established for the purposes of meeting the qualified higher education expenses of the qualified designated beneficiary of the account.
(c)(1) The State Treasurer shall administer, manage, and promote the Broker-Dealer Plan.
(d)(1) The State Treasurer shall adopt procedures relating to:
(e) At least annually, the State Treasurer shall issue to each account holder a statement that provides a separate accounting for each qualified designated beneficiary providing the following information with respect to each account:
Credits
Added by Acts 2008, c. 548, § 1, eff. Oct. 1, 2008. Amended by Acts 2018, c. 390, § 1, eff. June 1, 2018; Acts 2018, c. 391, § 1, eff. June 1, 2018; Acts 2023, c. 113, § 1, eff. June 1, 2023.
MD Code, Education, § 18-19B-02, MD EDUC § 18-19B-02
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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