{"data":{"id":"us-mo/mo.-rev.-stat.-209.620","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 209.620","heading":"Cancellation of participation agreement, penalty.","body":"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:\n(1) Used exclusively for qualified disability expenses of the designated beneficiary;\n(2) Made because of death of the designated beneficiary; or\n(3) Held in the fund for the minimum length of time established by the board.","path":["Title XII - PUBLIC HEALTH AND WELFARE","Chapter 209 - Disabilities Assistance, Aid to the Blind, and Rights of Persons with Visual, Hearing or Physical Disabilities"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=209.620","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:26Z","sha256":"8200d8bbbca7493a528fc7a7264e715fc51bc1effc9043d61386a9e65fd39d60","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-209.615","next":"us-mo/mo.-rev.-stat.-209.625"},"notice":"GroundRules: Original legal text. Not legal advice."}