20 NCAC 01H .0301. ESTABLISHMENT OF INDIVIDUAL ACCOUNTS

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Each eligible participant shall request permission of the applicable agency pursuant to the duly adopted rules of the applicable agency to establish an individual account. If the request states a proper purpose for the account, the applicable agency shall approve the request and send the request to the master trustee for action. The trustee shall use the agreement approved by the State Treasurer for this purpose. Until the individual account is established no deposits may be made.

History Note: Authority G.S. 147‑78.1;

Eff. December 1, 1985.

                    
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