21-9-7-7. Use of funds as loan security prohibited

IN Code § 21-9-7-7 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 7. Funds held in an account of an education savings program that may be established under this article may not be used by an account owner or account beneficiary as security for a loan.

As added by P.L.25-1999, SEC.12. Amended by P.L.135-2002, SEC.24.