(a) In this subtitle the following words have the meanings indicated. (b) 'Account holder' means the person who established an investment account on behalf of a qualified designated beneficiary. (c) 'Broker–Dealer Plan' means the Maryland Broker–Dealer College Investment Plan established under this subtitle. (d) 'Eligible educational institution' has the meaning stated in § 529(e) of the Internal Revenue Code. (e) 'Investment account' means an account established by an account holder under this subtitle on behalf of a qualified designated beneficiary for the purpose of applying distributions toward qualified higher education expenses at eligible educational institutions. (f) 'Qualified designated beneficiary' has the meaning stated in § 529(e) of the Internal Revenue Code. (g) 'Qualified higher education expenses' has the meaning stated in § 529(e) of the Internal Revenue Code. (h) 'Qualified state tuition program' has the meaning stated in § 529 of the Internal Revenue Code.
Maryland Legal Code