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MN SF2289

Bill

Official Source

Status

Introduced

3/8/2012

Primary Sponsor

Michelle Fischbach

Click for details

Origin

Senate

87th Legislature 2011-2012

AI Summary

  • Amends Minnesota Statutes section 136G.03, subdivision 7 to modify the definition of "contingent account owner" in the college savings plan
  • Changes the definition to refer to a "person" instead of an "individual" as the designated account owner
  • Allows the contingent account owner to be designated either in the participation agreement or through a separate Minnesota college savings plan form
  • Specifies that the contingent account owner assumes the account in the event of the original account owner's death

Legislative Description

College savings plan contingent account owner definition modification

Last Action

Referred to Higher Education

3/8/2012

Committee Referrals

Higher Education3/8/2012

Full Bill Text

No bill text available