Revisor Home

Title XII PUBLIC HEALTH AND WELFARE

Chapter 208

previous next Effective - 28 Aug 1999bottom

  208.765.  Forfeiture of account moneys, when — death of account holder, effect of. — 1.  Account holders who withdraw moneys from a family development account not in accordance with subsection 1 of section 208.760 shall forfeit all matching moneys in the account.

  2.  All moneys forfeited by an account holder pursuant to subsection 1 of this section shall be returned to the family development account reserve fund of the community-based organization.

  3.  In the event of an account holder's death, the account may be transferred to the ownership of a contingent beneficiary.  An account holder shall name contingent beneficiaries at the time the account is established and may change such beneficiaries at any time.  If the named beneficiary is deceased or otherwise cannot accept the transfer, the moneys shall be transferred to the family development account reserve fund of the community-based organization.

­­--------

(L. 1999 S.B. 387, et al. § 12)


---- end of effective   28 Aug 1999 ----

use this link to bookmark section  208.765


In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Contact
Other Links
Oversight Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@20:04:21.9 16