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MN HF2573

Bill

Official Source

Status

Introduced

2/29/2012

Primary Sponsor

Bob Dettmer

Click for details

Origin

House of Representatives

87th Legislature 2011-2012

AI Summary

  • Modifies the definition of "contingent account owner" in Minnesota's college savings plan law (Minnesota Statutes 2010, section 136G.03, subdivision 7)
  • Changes the term "individual" to "person" in the definition to expand who can be designated as a contingent account owner
  • Allows contingent account owners to be designated either in the participation agreement or through a separate Minnesota college savings plan form
  • Contingent account owner assumes control of the account upon the death of the original account owner

Legislative Description

College savings plan contingent account holder definition modified.

Last Action

Introduction and first reading, referred to Higher Education Policy and Finance

2/29/2012

Committee Referrals

Higher Education Policy and Finance2/29/2012

Full Bill Text

No bill text available