All money paid by a participant in connection with participation agreements shall be deposited as received and shall be promptly invested by the board or may be directly deposited by the board's agents. Contributions and earnings thereon accumulated on behalf of participants in the deposit program may be used, as provided in the participation agreement, for qualified higher education expenses.
Mo. Rev. Stat. § 166.511
Prompt investment of moneys paid by participation agreements, use of moneys
Effective: 28 Aug 2004; (L. 2004 H.B. 959 § 166.525)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.