Utah § 53H-10-207 Cancellation of agreements.

Utah Statutes

§ 53H-10-207 — Cancellation of agreements.

Utah § 53H-10-207

Title 53HHigher Education

Ch. 53H-10Utah Education Savings

Part 53H-10-2Utah Educational Savings Plan

This text of Utah § 53H-10-207 (Cancellation of agreements.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 53H-10-207 (2026).

Text

(1)Any account owner may cancel an account agreement at will.

(2)If an account agreement is cancelled by the account owner, the current account balance shall be disbursed to the account owner less:

(2)(a) an administrative refund fee, which may be charged by the plan, except as provided in Subsection (3); and

(2)(b) any penalty or tax required to be withheld by the Internal Revenue Code.

(3)An administration refund fee may not be levied by the plan if the account agreement is cancelled due to:

(3)(a) the death of the beneficiary; or

(3)(b) the permanent disability or mental incapacity of the beneficiary.

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(1) Any account owner may cancel an account agreement at will.
(2) If an account agreement is cancelled by the account owner, the current account balance shall be disbursed to the account owner less:
(2)(a) an administrative refund fee, which may be charged by the plan, except as provided in Subsection (3); and
(2)(b) any penalty or tax required to be withheld by the Internal Revenue Code.
(3) An administration refund fee may not be levied by the plan if the account agreement is cancelled due to:
(3)(a) the death of the beneficiary; or
(3)(b) the permanent disability or mental incapacity of the beneficiary.