(a) An account owner shall have the right to name the designated beneficiary of an account and at any time to change the designated beneficiary of an account to an eligible individual who is a member of the family of the former designated beneficiary.
(b) At the direction of an account owner, all or a portion of an account may be transferred to another account of which the designated beneficiary is a member of the family of the designated beneficiary of the transferee account if the transferee account was created by this chapter or in accordance with the Achieving a Better Life Experience Program as provided under the Tax Increase Prevention Act of 2014, Pub. L. No. 113-295.
Section: Previous 20-3-102 20-3-103 20-3-104 20-3-105 20-3-106 20-3-107 20-3-108 20-3-109 20-3-110 20-3-111 20-3-112 20-3-113 NextLast modified: November 15, 2016