§ 6-84-106. Investment direction
Except as permitted in 26 U.S.C. § 529, as in effect on January 1, 2018, no person shall have the right to direct the investment of any contributions to or earnings from the Arkansas Tax-Deferred Tuition Savings Program.
§ 6-84-107. Accounts
(a) (1) An account owner or contributor may establish an account by making an initial contribution to the Arkansas Tax-Deferred Tuition Savings Program, signing an application form approved by the Section 529 Plan Review Committee and naming the account owner and the designated beneficiary. (2) If the contributor is not the account owner, the account […]
§ 6-84-108. Naming of designated beneficiary and transfers of accounts
(a) An account owner shall have the right to name the designated beneficiary of an account and at any time to change the designated beneficiary of an account to another individual who is a member of the family of the former designated beneficiary. (b) At the direction of an account owner, all or a portion […]
§ 6-84-109. Account withdrawals
(a) Withdrawal from an account may be made on thirty (30) days’ written notice by the account owner to the Section 529 Plan Review Committee or on shorter notice as the committee may by rule provide. (b) (1) An account withdrawal paid to or for the benefit of any person during any calendar year shall […]