Unannotated Code of Maryland (Last Updated: May 16, 2014) |
EDUCATION |
DIVISION III. HIGHER EDUCATION |
TITLE 18. STUDENT FINANCIAL ASSISTANCE |
SUBTITLE 19B. MARYLAND BROKER-DEALER COLLEGE INVESTMENT PLAN |
§ 18-19B-06. Exemption from other provisions
Latest version.
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(a) Insurance Article. -- The Board, the Broker-Dealer Plan, and the investment accounts issued under this subtitle are not subject to the provisions of the Insurance Article.
(b) Taxation. -- The assets and income of the Maryland Broker-Dealer College Investment Plan are exempt from State and local taxation.