(a) Total contributions to the account established on behalf of a particular designated beneficiary in excess of those reasonably necessary to meet the designated beneficiary's qualified disability expenses are prohibited.
(b) (1) An account or a legal or beneficial interest in an account shall not be assignable, pledged, or otherwise used to secure or obtain a loan or other advancement.
(2) An account or a legal or beneficial interest in an account is not subject to attachment, levy, or execution by a creditor of an account owner or designated beneficiary.
Section: Previous 20-3-102 20-3-103 20-3-104 20-3-105 20-3-106 20-3-107 20-3-108 20-3-109 20-3-110 20-3-111 20-3-112 20-3-113 NextLast modified: November 15, 2016