There Is a Newer Version
of
the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 206 — INCOME TAX ACT OF 1967
Act 513 of 2006 — INDIVIDUAL OR FAMILY DEVELOPMENT ACCOUNT PROGRAM ACT (206.901 - 206.911)
- Section 206.901 — Short title.
- Section 206.902 — Definitions.
- Section 206.903 — Individual or family development account; establishment; purpose; policies and procedures; approving and reviewing qualifications of fiduciary organizations and program sites; factors; implementation of programs.
- Section 206.904 — Eligibility; approval or rejection of applicant by program site; limitation on number of accounts; duties of individual; establishment of account; purposes; signatures for withdrawals.
- Section 206.905 — Participant savings plan agreement; matching funds; distributions; manner.
- Section 206.906 — Withdrawal matched by program site; contingent beneficiary; financial institution not responsible for verification.
- Section 206.907, 206.908 — Repealed. 2011, Act 38, Eff. Jan. 1, 2012.
- Section 206.909 — Administration of individual or family development account program by fiduciary organization; report.
- Section 206.910 — Rules.
- Section 206.911 — Effective date.
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.
