1. (1) For a College Savings Plan, only the account owner may request a distribution of funds (whether for a qualified withdrawal, a nonqualified withdrawal, or otherwise) from an account by submitting to the appropriate plan a completed distribution request form (or following such other procedures as are permitted under the appropriate plan) and such other information as from time to time is required by such plan.
2. (2) For the ABLE Plan, an agent under power of attorney, a parent or legal guardian may request a distribution of funds (whether for a qualified withdrawal, a nonqualified withdrawal, or otherwise) from an account by submitting to the appropriate plan a completed distribution request form (or following such other procedures as are permitted under the appropriate plan) and such other information as from time to time is required by such plan.
3. (3) A distribution from a network plan shall be subject to any applicable state and federal taxes.

Statutory/Other Authority

ORS 348.853(2)

Statutes/Other Implemented

ORS 348.870(1) & 348.853(2)

History

OSB 1-2016, f. & cert. ef. 7-28-16
QTSB 2-2010, f. 9-10-10, cert. ef. 9-14-10
QTSB 1-2010(Temp), f. & cert. ef. 3-25-10 thru 9-15-10
QTSB 3-2002, f. & cert. ef. 10-29-02
QTSB 2-2002(Temp), f. & cert. ef. 8-15-02 thru 12-6-02
QTSB 1-2002(Temp), f. & cert. ef. 6-14-02 thru 12-6-02
QTSB 1-2001, f. & cert. ef. 1-2-01