Montana § 15-62-202 Changes In Designated Beneficiary

Montana Statutes

§ 15-62-202 — Changes In Designated Beneficiary

Montana § 15-62-202

Title 15TAXATION

Ch. 62FAMILY EDUCATION SAVINGS ACT

Part 2Family Education Savings Program Account -- Administration

This text of Montana § 15-62-202 (Changes In Designated Beneficiary) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 15-62-202 (2026).

Text

15-62-202 . Changes in designated beneficiary.

(1)An account owner may change the designated beneficiary of an account to an individual who is a member of the family of the former designated beneficiary in accordance with procedures established by the board.

(2)If requested by 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.

(3)Changes in designated beneficiaries and rollovers under this section are not permitted if the changes or rollovers would violate:

(a)the excess contributions provisions adopted by the board pursuant to 20-25-902 ; or

(b)the investment choice provisions of 15-62-201 (5).

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15-62-202 . Changes in designated beneficiary. (1) An account owner may change the designated beneficiary of an account to an individual who is a member of the family of the former designated beneficiary in accordance with procedures established by the board.
(2) If requested by 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.
(3) Changes in designated beneficiaries and rollovers under this section are not permitted if the changes or rollovers would violate:
(a) the excess contributions provisions adopted by the board pursuant to 20-25-902 ; or
(b) the investment choice provisions of 15-62-201 (5).