There is a newer version of the Michigan Compiled Laws
2014 Michigan Compiled Laws
Chapter 390 - UNIVERSITIES AND COLLEGES
Act 161 of 2000 MICHIGAN EDUCATION SAVINGS PROGRAM ACT (390.1471 - 390.1486)
- Section 390.1471 Short title.
- Section 390.1472 Definitions.
- Section 390.1473 Michigan education savings program; establishment; soliciting proposals; duties and powers vested in treasurer; administration of program; funds trustee; personnel and services; selection of program manager; contract.
- Section 390.1474 Management contract; supervision by treasurer.
- Section 390.1475 Management contract; term; termination.
- Section 390.1476 Contracts.
- Section 390.1477 Education savings accounts; establishment; purpose; agreement; form of contribution; withdrawal; distributions; penalty; separate accounting for each beneficiary.
- Section 390.1478 Account owner or beneficiary; changes; transfer.
- Section 390.1479 Account owner or beneficiary; direction of contributions or earnings; selection of investment strategy; contributions by board members or employees; use of interest; restriction.
- Section 390.1480 Maximum account balance limit; limitation; rejection of contribution to designated beneficiary account.
- Section 390.1481 Account distributions; report to internal revenue service and account owner; statements.
- Section 390.1482 Disclosure of information.
- Section 390.1483 Construction or interpretation of act and agreement.
- Section 390.1484 Obligation upon state, agency, or instrumentality of state.
- Section 390.1485 Annual report.
- Section 390.1486 Contributions and interest earned as tax exempt; withdrawals as taxable.
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.