The financial institution shall provide statements to each account owner annually within thirty–one days after the twelve–month period to which they relate. The statement must include a minimum of the beginning balance; all contributions made during the preceding twelve–month period; the sum total of contributions made through the end of the period; any interest accrued, penalties charged, and distributions made during the period; the value of the account as of the end of the period; and any other matters that the council requires be reported to the account owner.

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Source: SL 2001, ch 97, § 23; SL 2022, ch 49, § 9.