§ 18–19B-01
Statutes in effect as of October 1, 2026.
Md. Code Ann., Educ. § 18-19B-01 (2026)
Title 18. Student Financial Assistance
Subtitle 19B. Maryland Broker-Dealer College Investment Plan
§ 18–19B-01LinkCopy Citation
(a)
In this subtitle the following words have the meanings indicated.
(b)
“Account holder” means the person who established an investment account on behalf of a qualified designated beneficiary.
(c)
“Broker–Dealer Plan” means the Maryland Broker–Dealer College Investment Plan established under this subtitle.
(d)
“Eligible educational institution” has the meaning stated in § 529(e) of the Internal Revenue Code.
(e)
“Investment account” means an account established by an account holder under this subtitle on behalf of a qualified designated beneficiary for the purpose of applying distributions toward qualified higher education expenses at eligible educational institutions.
(f)
“Qualified designated beneficiary” has the meaning stated in § 529(e) of the Internal Revenue Code.
(g)
“Qualified higher education expenses” has the meaning stated in § 529(e) of the Internal Revenue Code.
(h)
“Qualified state tuition program” has the meaning stated in § 529 of the Internal Revenue Code.