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2025 Delaware Code
Title 16 - Health and Safety
Chapter 96A. DELAWARE ACHIEVING A BETTER LIFE EXPERIENCE SAVINGS ACCOUNTS
§ 9606A. Prohibitions.
Universal Citation:
16 DE Code § 9606A (2025)
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§ 9606A. Prohibitions.
(a) A designated beneficiary may have only 1 account.
(b) No account nor any interest in an account may be used as security for a loan.
(c) Total contributions on behalf of a designated beneficiary may not exceed the limit established under subchapter XII, Chapter 34 of Title 14.
(d) Except as permitted by the federal ABLE Act, no person shall have the right to direct the investment of any contributions to or earnings from the Program.
80 Del. Laws, c. 34, § 1;
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