Current with changes from the 2024 Legislative Session
Section 4-314 - Higher education investment contracts(a) Subject to subsection (b) of this section, a custodian shall deny inspection of any record disclosing: (1) the name of an account holder or a qualified beneficiary of a prepaid contract under Title 18, Subtitle 19 of the Education Article; or(2) the name of an account holder or a qualified designated beneficiary of an investment account under Title 18, Subtitle 19A of the Education Article.(b) A custodian: (1) shall allow inspection by a person in interest; and(2) may release information to an eligible institution of higher education designated: (i) by an account holder of a prepaid contract or a qualified beneficiary under Title 18, Subtitle 19 of the Education Article; or(ii) by an account holder or a qualified designated beneficiary under Title 18, Subtitle 19A of the Education Article.Added by 2014 Md. Laws, Ch. 94,Sec. 2, eff. 10/1/2014.