Act

Michigan achieving a better life experience (able) program act

Mich. Comp. Laws § 206.981— Short title
Mich. Comp. Laws § 206.982— Definitions
Mich. Comp. Laws § 206.983— Michigan ABLE savings program; establishment; program manager; purposes, powers, and duties of state treasurer or designee; selection of program managers; proposals; factors; duties of treasurer and program manager; contract
Mich. Comp. Laws § 206.984— Management contract; supervision
Mich. Comp. Laws § 206.985— Management contract; term of years; termination
Mich. Comp. Laws § 206.986— Contracts as necessary and proper
Mich. Comp. Laws § 206.987— ABLE savings accounts; establishment; opening of account by individual or designated representative; agreement; form; contents; contributions; exemption from creditor process; distributions; separate accounting
Mich. Comp. Laws § 206.988— Changes in account owners or designated beneficiaries; transfers
Mich. Comp. Laws § 206.989— Directing investment of contributions in violation of internal revenue code; prohibition; administrative services; use of interest as loan security
Mich. Comp. Laws § 206.990— Maximum account balance limit
Mich. Comp. Laws § 206.991— Submission of certain information to internal revenue service, department, and account owner
Mich. Comp. Laws § 206.992— Disclosure of information to account owner and other person requesting information
Mich. Comp. Laws § 206.993— Construction and interpretation of act and agreement
Mich. Comp. Laws § 206.994— State obligation
Mich. Comp. Laws § 206.995— Annual report
Mich. Comp. Laws § 206.996— Tax exemption
Mich. Comp. Laws § 206.997— Consideration of financial circumstances for purpose of assistance program; effect of ABLE savings account