Missouri § 209.620 Cancellation of participation agreement, penalty.

Missouri Statutes

§ 209.620 — Cancellation of participation agreement, penalty.

Missouri § 209.620

Title XIIPUBLIC HEALTH AND WELFARE

Ch. 209Disabilities Assistance, Aid to the Blind, and Rights of Persons with Visual, Hearing or Physical Disabilities

This text of Missouri § 209.620 (Cancellation of participation agreement, penalty.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 209.620 (2026).

Text

Any participant may cancel a participation agreement at will. The board shall impose a penalty equal to or greater than ten percent of the earnings of an ABLE account for any distribution that is not:

(1)Used exclusively for qualified disability expenses of the designated beneficiary;

(2)Made because of death of the designated beneficiary; or

(3)Held in the fund for the minimum length of time established by the board.

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Any participant may cancel a participation agreement at will. The board shall impose a penalty equal to or greater than ten percent of the earnings of an ABLE account for any distribution that is not:

(1) Used exclusively for qualified disability expenses of the designated beneficiary;

(2) Made because of death of the designated beneficiary; or

(3) Held in the fund for the minimum length of time established by the board.