Current through 2024-46, November 13, 2024
Section 457-611-8 - WITHDRAWALSA. To withdraw funds the participant must request a withdrawal in the format currently approved by the Authority. The participant is responsible for the maintenance of records evidencing the use of any withdrawal for qualified higher education expenses. The Authority has no obligation to maintain records evidencing the use of any withdrawal.B. Upon receipt of a proper withdrawal request, the Authority's designated agent or contractor will make distributions to the participant, the beneficiary, the specified institution of higher education for the benefit of the beneficiary, or to other distributees as may be directed by the participant and determined permissible by the Authority and its designated agent or contractor from time to time.C.[Repealed effective June 4, 2002]D.[Repealed effective June 4, 2002]E.[Repealed effective June 5, 2016]94-457 C.M.R. ch. 611, § 8