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(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.