Division 4.5. ScholarShare Investment Board Chapter 2. Governor's Scholarship Programs. Ownership of Scholarship Award.
(a) The account owner owns all scholarship awards and earnings thereon in qualified scholarship accounts until a qualified distribution is made.
(b) An award recipient's right to claim a scholarship award is not transferable to another individual. An award recipient's right to direct a distribution is not transferable to another individual.
Education Code 69981(d)
Education Code 69996(d)
Education Code 69999
Education Code 69996(b)
Education Code 69996(c)(1)
(Amended by Register 2001, No. 51)