Alaska § 14.40.811 - Advance college tuition savings contracts.
Full text of Alaska Alaska Statutes § 14.40.811 — Advance college tuition savings contracts., with citation guidance and answers to common questions.
§ 14.40.811. Advance college tuition savings contracts.
(a) An advance college tuition savings contract must set out or include by reference to the plan (1) the name and date of birth of the purchaser and the beneficiary under the contract;
(2) the number of advance college tuition credits purchased under the contract;
(3) the terms and conditions under which the contract may be terminated and refunds made;
(4) the assumption of a contractual obligation by the board to provide funding for specified education benefits for the beneficiary in accordance with the terms of the plan;
(5) the period of time during which the beneficiary may receive the benefits of the contract; and
(6) other terms and conditions the board determines to be appropriate or that are required under 26 U.S.C. (Internal Revenue Code).
(b) An advance college tuition savings contract may be terminated (1) if the board determines that the number of purchasers is insufficient to maintain the fund on an actuarially sound basis; or
(2) under other circumstances determined by the board and set out in the advance tuition savings contract or in the plan.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 14.40.811
What does Alaska Statutes § 14.40.811 cover?
Section 14.40.811 ("Advance college tuition savings contracts.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 14.40.811?
A common citation format is "Alaska Statutes § 14.40.811" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 14.40.811 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.