Montana Code Annotated — Title 15 (Taxation)
Mont. Code Ann. § 15-62-202
Changes In Designated Beneficiary
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).
Source: view the official text
In this chapter (15 sections)
- 15-62-101 · Short Title
- 15-62-102 · Family Education Savings Program Established -- Legislative…
- 15-62-103 · Definitions
- 15-62-201 · Program Requirements -- Establishment Of Account --…
- 15-62-202 · Changes In Designated Beneficiary
- 15-62-203 · Selection Of Financial Institution As Program Manager --…
- 15-62-204 · Repealed
- 15-62-205 · Scholarships And Financial Aid Provisions -- Exceptions
- 15-62-206 · Limitations
- 15-62-207 · Deductions For Contributions
- 15-62-208 · Tax On Certain Withdrawals Of Deductible Contributions
- 15-62-209 · Access To Records
- 15-62-210 · Exemption From Claims Of Creditors
- 15-62-301 · Family Education Savings Trust
- 15-62-302 · Repealed