Alaska Statutes (Last Updated: January 11, 2017) |
Title 06. BANKS AND FINANCIAL INSTITUTIONS. |
Chapter 06.65. ALASKA SAVINGS PROGRAM FOR ELIGIBLE INDIVIDUALS [EFFECTIVE NOVEMBER 4, 2016]. |
Section 06.65.120. Program account ownership.
Latest version.
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(a) The owner of a program account is the designated beneficiary of the program account.
(b) If a representative of an eligible individual establishes a program account for an eligible individual, the representative is not an owner of the program account and does not have or acquire an interest in the assets of the program account.
Notes
History
(Sec. 2 ch 56 SLA 2016)