Michigan Compiled Laws
Act 513 of 2006 - Individual or Family Development Account Program Act (206.901 - 206.911)
Section 206.901 - Short Title.

Sec. 1.
This act shall be known and may be cited as the "individual or family development account program act".
History: 2006, Act 513, Eff. Jan. 1, 2007 Compiler's Notes: This section as originally enacted was assigned the compilation number "206.701". To avoid a conflict with another section numbered "206.701", this section has been renumbered as 206.901.

Next >>

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 206 - Income Tax Act of 1967

Act 513 of 2006 - Individual or Family Development Account Program Act (206.901 - 206.911)

Section 206.901 - Short Title.

Section 206.902 - Definitions.

Section 206.903 - Individual or Family Development Account; Establishment; Purpose; Policies and Procedures; Approving and Reviewing Qualifications of Fiduciary Organizations and Program Sites; Factors; Implementation of Programs.

Section 206.904 - Eligibility; Approval or Rejection of Applicant by Program Site; Limitation on Number of Accounts; Duties of Individual; Establishment of Account; Purposes; Signatures for Withdrawals.

Section 206.905 - Participant Savings Plan Agreement; Matching Funds; Distributions; Manner.

Section 206.906 - Withdrawal Matched by Program Site; Contingent Beneficiary; Financial Institution Not Responsible for Verification.

Section 206.907, 206.908 - Repealed. 2011, Act 38, Eff. Jan. 1, 2012.