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 06.65.190. Distributions for qualified expenses.
Latest version.
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Except as allowed under AS 06.65.200, a designated beneficiary or the representative of the designated beneficiary may not make a withdrawal or other distribution from a program account unless the withdrawal or other distribution is used to pay for the qualified expenses of the designated beneficiary.
Notes
History
(Sec. 2 ch 56 SLA 2016)