53B-8a-102. Definitions for chapter. As used in this chapter:
| (1) |
“Account agreement” means an agreement between an account owner and the Utah Educational Savings Plan entered into under this chapter. |
Terms Used In Utah Code 53B-8a-102
- Account agreement: means an agreement between an account owner and the Utah Educational Savings Plan entered into under this chapter. See Utah Code 53B-8a-102
- Account owner: means a person, estate, or trust, if that person, estate, or trust has entered into an account agreement under this chapter to save for the higher education costs on behalf of a beneficiary. See Utah Code 53B-8a-102
- Higher education costs: means qualified higher education expenses as defined in Section 529(e)(3), Internal Revenue Code. See Utah Code 53B-8a-102.5
- Person: means :Utah Code 68-3-12.5
- Plan: means the Utah Educational Savings Plan created in Section 53B-8a-103. See Utah Code 53B-8a-102
| (2) |
“Account owner” means a person, estate, or trust, if that person, estate, or trust has entered into an account agreement under this chapter to save for the higher education costs on behalf of a beneficiary. |
| (3) |
“Beneficiary” means the individual designated in an account agreement to benefit from the amount saved for higher education costs. |
| (4) |
“Plan” means the Utah Educational Savings Plan created in Section 53B-8a-103. |
Amended by Chapter 389, 2017 General Session
