Wis. Admin. Code Department of Financial Institutions § DFI-CSP 1.13 - Account termination
Current through March 28, 2022
The notice shall provide a reasonable period of time, as determined by the board, in which to prevent termination by either making an additional contribution or a qualified distribution as necessary. Upon termination, the account balance shall be paid to the account owner as a nonqualified distribution, subject to applicable federal or state taxes, and any additional fees as determined by the board.
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