Alaska Statutes 06.65.190 – Distributions for qualified expenses
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 06.65.190
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
Except as allowed under AS 06.65.200, a designated beneficiary or the representative of the designated beneficiary may not make a withdrawal or other distribution from a program account unless the withdrawal or other distribution is used to pay for the qualified expenses of the designated beneficiary.