13-63-21. Council to adopt rules to prevent excess contributions.
40 words·~1 min read·
/sd/title-13/chapter-13-63/13-63-21A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The council shall adopt policies, guidelines, procedures, or rules pursuant to chapter 1-26 to prevent contributions on behalf of a designated beneficiary in excess of the maximum amounts permitted under section 529 of the Internal Revenue Code and related regulations.