Utah Code § 53B-8a-102

Current through the 2024 Fourth Special Session

Section 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.

(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.

Utah Code § 53B-8a-102

Amended by Chapter 389, 2017 General Session ,§ 1, eff. 3/25/2017.

Amended by Chapter 94, 2015 General Session ,§ 1, eff. 5/12/2015, op. 1/1/2015.

Amended by Chapter 46, 2011, 2011 General Session