Missouri § 209.600 - Definitions.
Full text of Missouri Revised Statutes of Missouri § 209.600 — Definitions., with citation guidance and answers to common questions.
§ 209.600. Definitions.
As used in sections 209.600 to 209.645, except where the context clearly requires another interpretation, the following terms mean:
(1) "ABLE account", the same meaning as in 26 U.S.C. Section 529A of the Internal Revenue Code;
(2) "Benefits", the payment of qualified disability expenses on behalf of a designated beneficiary from an ABLE account;
(3) "Board", the Missouri Achieving a Better Life Experience board established in section 209.605;
(4) "Designated beneficiary", the same meaning as in 26 U.S.C. Section 529A of the Internal Revenue Code;
(5) "Eligible individual", the same meaning as in 26 U.S.C. Section 529A of the Internal Revenue Code;
(6) "Financial institution", a bank, insurance company, or registered investment company;
(7) "Internal Revenue Code", the Internal Revenue Code of 1986, as amended;
(8) "Missouri Achieving a Better Life Experience program" or "ABLE", the program created pursuant to sections 209.600 to 209.645;
(9) "Participant", a person who has entered into a participation agreement pursuant to sections 209.600 to 209.645 for the advance payment of qualified disability expenses on behalf of a designated beneficiary. Unless otherwise permitted under 26 U.S.C. Section 529A of the Internal Revenue Code the participant shall be the designated beneficiary of the ABLE account, except that if the designated beneficiary of the account is a minor or has a custodian or other fiduciary appointed for the purpose of managing his or her financial affairs, the parent or custodian or other fiduciary of the designated beneficiary may serve as the participant if such form of ownership is permitted or not prohibited by 26 U.S.C. Section 529A of the Internal Revenue Code;
(10) "Participation agreement", an agreement between a participant and the board pursuant to and conforming with the requirements of sections 209.600 to 209.645; and
(11) "Qualified disability expenses", the same meaning as in 26 U.S.C. Section 529A of the Internal Revenue Code.
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(L. 2015 S.B. 174 § 166.600, A.L. 2016 H.B. 2125)
---- end of effective 28 Aug 2016 ----
Frequently Asked Questions About Missouri § 209.600
What does Revised Statutes of Missouri § 209.600 cover?
Section 209.600 ("Definitions.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. 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 Missouri § 209.600?
A common citation format is "Revised Statutes of Missouri § 209.600" (Missouri). 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 Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 209.600 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri 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 Missouri.