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Vermont Statutes Title 16. Education, § 2879a. Cancellation of participation agreements

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Any participant may cancel a participation agreement at will, and any return of funds from the participant's account shall be subject to terms and conditions established by the Corporation, provided that any penalties levied as a result comply with the provisions of the Internal Revenue Code or Title 32 relating to Investment Plans.

(b) The Corporation may provide by rule that no termination penalty shall apply in certain circumstances.

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Cite this article: FindLaw.com - Vermont Statutes Title 16. Education, § 2879a. Cancellation of participation agreements - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-16-education/vt-st-tit-16-sect-2879a/

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