Definitions

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    (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)    “Board” means the Maryland 529 Board established under § 18–1904 of this title.

    (d)    “Broker–Dealer Plan” means the Maryland Broker–Dealer College Investment Plan established under this subtitle.

    (e)    “Eligible educational institution” has the meaning stated in § 529(e) of the Internal Revenue Code.

    (f)    “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.

    (g)    “Qualified designated beneficiary” has the meaning stated in § 529(e) of the Internal Revenue Code.

    (h)    “Qualified higher education expenses” has the meaning stated in § 529(e) of the Internal Revenue Code.

    (i)    “Qualified State tuition program” has the meaning stated in § 529 of the Internal Revenue Code.


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