as introduced - 87th Legislature (2011 - 2012) Posted on 02/29/2012 01:34pm
A bill for an act
relating to higher education; modifying definition of contingent account owner
for purposes of the college savings plan; amending Minnesota Statutes 2010,
section 136G.03, subdivision 7.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2010, section 136G.03, subdivision 7, is amended to
read:
"Contingent account owner" means the
deleted text begin individualdeleted text end new text begin personnew text end designated as the account owner, either in the participation agreement or
pursuant to a separate Minnesota college savings plan form, in the event of the death of
the account owner.