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MICHIGAN STATUTES AND CODES
Act 513 of 2006 - INDIVIDUAL OR FAMILY DEVELOPMENT ACCOUNT PROGRAM ACT (206.701 - 206.711)
- Section 206.701 - Short title.
- Section 206.702 - Definitions.
- Section 206.703 - Individual or family development account; establishment; purpose; policies and procedures; approving and reviewing qualifications of fiduciary organizations and program sites; factor
- Section 206.704 - Eligibility; approval or rejection of applicant by program site; limitation on number of accounts; duties of individual; establishment of account; purposes; signatures for withdrawal
- Section 206.705 - Participant savings plan agreement; matching funds; distributions; manner.
- Section 206.706 - Withdrawal matched by program site; contingent beneficiary; financial institution not responsible for verification.
- Section 206.707 - Eligibility for tax credit.
- Section 206.708 - Tax credits; total; limitation; reserve fund; application for credits; certificate.
- Section 206.709 - Administration of individual or family development account program by fiduciary organization; report.
- Section 206.710 - Rules.
- Section 206.711 - Effective date.
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