Oregon Statutes - Chapter 348 - Student Aid; Education Stability Fund; Planning - Section 348.870 - Account withdrawals; rules; report.

(1) Withdrawal from an account may be made as prescribed by the rules adopted by the Oregon 529 College Savings Board.

(2) A financial institution shall report an account withdrawal during any calendar year to the account owner and the federal Internal Revenue Service. The report shall be made at the time and contain such information as required by law. [1999 c.746 §10; 2003 c.280 §15]

Note: See note under 348.841.

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Last modified: August 7, 2008