Maryland Code, EDUCATION 18-19C-04
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Terms Used In Maryland Code, EDUCATION 18-19C-04
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
(a) An eligible individual, as defined in § 529A(e) of the Internal Revenue Code, may participate in and benefit from the Maryland ABLE Program.
(b) Distributions shall be requested by the designated beneficiary subject to the provisions of § 529A of the Internal Revenue Code.