13-63-28. Limitations of chapter.

Nothing in this chapter:

(1)    Gives any designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner;

(2)    Guarantees that a designated beneficiary will be admitted to an eligible education institution or be allowed to continue enrollment at or graduate from an eligible education institution after admission;

(3)    Establishes state residency for an individual merely because the individual is a designated beneficiary; or

(4)    Guarantees that amounts saved pursuant to the program will be sufficient to cover the qualified higher education expenses of a designated beneficiary.

Source: SL 2001, ch 97, § 28.