166.231. Rulings from Internal Revenue Service and Securities and Exchange Commission required, when--purchasers to be informed of rulings, when. - Missouri Statutes

Rulings from Internal Revenue Service and Securities and ExchangeCommission required, when--purchasers to be informed of rulings, when.

166.231. An advance tuition payment contract shall not beentered by the trust until the trust has solicited answers fromthe United States Internal Revenue Service and the United StatesSecurities and Exchange Commission rulings regarding the statusof the trust. The trust shall inform purchasers of the rulingsin question by these federal agencies prior to entering any suchcontract.

(L. 1988 H.B. 1456 § 14)