13-63-28. Limitations of chapter.
Nothing in this chapter:
(1)Gives any designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner;
(2)Guarantees that a designated beneficiary will be admitted to an eligible education institution or be allowed to continue enrollment at or graduate from an eligible education institution after admission;
(3)Establishes state residency for an individual merely because the individual is a designated beneficiary; or
(4)Guarantees that amounts saved pursuant to the program will be sufficient to cover the qualified higher education expenses of a designated beneficiary.
Source: SL 2001, ch 97, §28.