Current with changes from the 2024 Legislative Session
Section 18-19B-01 - Definitions(a) In this subtitle the following words have the meanings indicated.(b) "Account holder" means the person who established an investment account on behalf of a qualified designated beneficiary.(c) "Broker-Dealer Plan" means the Maryland Broker-Dealer College Investment Plan established under this subtitle.(d) "Eligible educational institution" has the meaning stated in § 529(e) of the Internal Revenue Code.(e) "Investment account" means an account established by an account holder under this subtitle on behalf of a qualified designated beneficiary for the purpose of applying distributions toward qualified higher education expenses at eligible educational institutions.(f) "Qualified designated beneficiary" has the meaning stated in § 529(e) of the Internal Revenue Code.(g) "Qualified higher education expenses" has the meaning stated in § 529(e) of the Internal Revenue Code.(h) "Qualified state tuition program" has the meaning stated in § 529 of the Internal Revenue Code.Amended by 2023 Md. Laws, Ch. 113, Sec. 1, eff. 6/1/2023.Amended by 2018 Md. Laws, Ch. 391, Sec. 1, eff. 6/1/2018.Amended by 2018 Md. Laws, Ch. 390, Sec. 1, eff. 6/1/2018.Amended by 2018 Md. Laws, Ch. 12, Sec. 1, eff. 4/5/2018.