Michigan § 390.1482 - Disclosure of information.
Full text of Michigan Michigan Compiled Laws § 390.1482 — Disclosure of information., with citation guidance and answers to common questions.
§ 390.1482. Disclosure of information.
Each program manager shall disclose the following information in writing to each account owner of an education savings account and any other person who requests information about an education savings account:
(a) The terms and conditions for establishing an education savings account.
(b) Restrictions on the substitutions of designated beneficiaries and transfer of account funds.
(c) The person or entity entitled to terminate a Michigan education savings program agreement.
(d) The period of time during which a designated beneficiary may receive benefits under the Michigan education savings program agreement.
(e) The terms and conditions under which money may be wholly or partially withdrawn from an account or the program, including, but not limited to, any reasonable charges and fees and penalties that may be imposed for withdrawal.
(f) The potential tax consequences associated with contributions to and distributions and withdrawals from accounts.
(g) Investment history and potential growth of account funds and a projection of the impact of the growth of the account funds on the maximum amount allowable in an account.
(h) All other rights and obligations under Michigan education savings program agreements and any other terms, conditions, and provisions of a contract or an agreement entered into under this act.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 390.1482
What does Michigan Compiled Laws § 390.1482 cover?
Section 390.1482 ("Disclosure of information.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. 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 Michigan § 390.1482?
A common citation format is "Michigan Compiled Laws § 390.1482" (Michigan). 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 Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 390.1482 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan 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 Michigan.