Indiana § 21-9-7-8 - Maximum account balance
Full text of Indiana Indiana Code § 21-9-7-8 — Maximum account balance, with citation guidance and answers to common questions.
§ 21-9-7-8. Maximum account balance
Sec. 8. (a) Contributions to an account may not exceed the amount necessary to provide for the qualified higher education expenses of the account beneficiary.
(b) The authority shall adopt rules under IC 4-22-2 to determine the maximum account balance applicable to all accounts of account beneficiaries with the same expected year of enrollment.
As added by P.L.25-1999, SEC.13. Amended by P.L.135-2002, SEC.25; P.L.93-2024, SEC.153.
Frequently Asked Questions About Indiana § 21-9-7-8
What does Indiana Code § 21-9-7-8 cover?
Section 21-9-7-8 ("Maximum account balance") is part of the Indiana Code, the codified statutory law of Indiana. 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 Indiana § 21-9-7-8?
A common citation format is "Indiana Code § 21-9-7-8" (Indiana). 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 Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 21-9-7-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana 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 Indiana.