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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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EDUCATION |
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DIVISION III. HIGHER EDUCATION |
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TITLE 18. STUDENT FINANCIAL ASSISTANCE |
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SUBTITLE 19B. MARYLAND BROKER-DEALER COLLEGE INVESTMENT PLAN |
§ 18-19B-01. Definitions
Latest version.
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(a) In general. -- In this subtitle the following words have the meanings indicated.
(b) Account holder. -- "Account holder" means the person who established an investment account on behalf of a qualified designated beneficiary.
(c) Board. -- "Board" means the College Savings Plans of Maryland Board established under § 18-1904 of this title.
(d) Broker-Dealer Plan. -- "Broker-Dealer Plan" means the Maryland Broker-Dealer College Investment Plan established under this subtitle.
(e) Eligible educational institution. -- "Eligible educational institution" has the meaning stated in § 529(e) of the Internal Revenue Code.
(f) Investment account. -- "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.
(g) Qualified designated beneficiary. -- "Qualified designated beneficiary" has the meaning stated in § 529(e) of the Internal Revenue Code.
(h) Qualified higher education expenses. -- "Qualified higher education expenses" has the meaning stated in § 529(e) of the Internal Revenue Code.
(i) Qualified State tuition program. -- "Qualified State tuition program" has the meaning stated in § 529 of the Internal Revenue Code.