Missouri · Through 2026 legislative session (floor)

Mo. Rev. Stat. § 209.620: Cancellation of participation agreement, penalty.

Where this section sits in the code

Title XII - PUBLIC HEALTH AND WELFARE
Chapter 209 - Disabilities Assistance, Aid to the Blind, and Rights of Persons with Visual, Hearing or Physical Disabilities

Any participant may cancel a participation agreement at will. The board shall impose a penalty equal to or greater than ten percent of the earnings of an ABLE account for any distribution that is not:

(1) Used exclusively for qualified disability expenses of the designated beneficiary;

(2) Made because of death of the designated beneficiary; or

(3) Held in the fund for the minimum length of time established by the board.

Collected 2026-09-03T22:23:26Z. Source file · JSON

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