Individuals & Families
Small Businesses
Nonprofits
Employers
Employee Benefits Brokers
PEOs
Credit Unions
Membership Groups
Legal Information
Sign In
/
U.S. State Codes
/
Michigan
/
Chapter 390 - Universities ...
/
Act 161 of 2000 Michigan Education Savings Prog...
Act 161 of 2000 Michigan Education Savings Program Act (390.1471 - 390.1486)
Section 390.1471 Short Title.
Section 390.1472 Definitions.
Section 390.1473 Michigan Education Savings Program; Establishment; Soliciting Proposals; Duties and Powers Vested in Treasurer; Administration of Program; Funds Trustee; Personnel and Services; Selection of Program Manager; Contract.
Section 390.1474 Management Contract; Supervision by Treasurer.
Section 390.1475 Management Contract; Term; Termination.
Section 390.1476 Contracts.
Section 390.1477 Education Savings Accounts; Establishment; Purpose; Agreement; Form of Contribution; Withdrawal; Distributions; Penalty; Separate Accounting for Each Beneficiary.
Section 390.1478 Account Owner or Beneficiary; Changes; Transfer.
Section 390.1479 Account Owner or Beneficiary; Direction of Contributions or Earnings; Selection of Investment Strategy; Contributions by Board Members or Employees; Use of Interest; Restriction.
Section 390.1480 Maximum Account Balance Limit; Limitation; Rejection of Contribution to Designated Beneficiary Account; Total Balance of All Accounts.
Section 390.1481 Account Distributions; Report to Internal Revenue Service and Account Owner; Statements.
Section 390.1482 Disclosure of Information.
Section 390.1483 Construction or Interpretation of Act and Agreement.
Section 390.1484 Obligation Upon State, Agency, or Instrumentality of State.
Section 390.1485 Annual Report.
Section 390.1486 Contributions and Interest Earned as Tax Exempt; Withdrawals as Taxable.