Section 18-19 - A-01. Definitions. - Maryland Statutes

§ 18-19A-01. Definitions.
 

(a)  In general.- In this subtitle the following words have the meanings indicated. 

(b)  Account holder.- "Account holder" means the person who established an investment account on behalf of a qualified designated beneficiary. 

(c)  Board.- "Board" means the College Savings Plans of Maryland Board established under § 18-1904 of this title. 

(d)  Eligibile educational institution.- "Eligible educational institution" has the meaning stated in § 529(e) of the Internal Revenue Code. 

(e)  Investment account.- "Investment account" means an account established by an account holder under this subtitle on behalf of a qualified designated beneficiary for the purpose of applying distributions toward qualified higher education expenses at eligible educational institutions. 

(f)  Plan.- "Plan" means the Maryland College Investment Plan established under this subtitle. 

(g)  Qualified designated beneficiary.- "Qualified designated beneficiary" has the meaning stated in § 529(e) of the Internal Revenue Code. 

(h)  Qualified higher education expenses.- "Qualified higher education expenses" has the meaning stated in § 529(e) of the Internal Revenue Code. 

(i)  Qualified state tuition program.- "Qualified state tuition program" has the meaning stated in § 529 of the Internal Revenue Code. 
 

[2000, ch. 494; 2003, ch. 21, § 7; chs. 381, 382.]