Chapter 1. Golden State Scholarshare Trust Program Change of Designated Beneficiary.
(a) Change of Designated Beneficiary. An account owner (other than a custodial account owner) may change the designated beneficiary designated for the account at any time by submitting a written request to the program administrator's designee. The written request shall contain a certification by the account owner that the newly designated beneficiary is a member of the family of the current designated beneficiary (unless the account owner is a state or local government agency or an entity described in Section 501(c)(3) of the Internal Revenue Code and identified in Section 30959(a)(2) in which case the account owner must certify that the newly designated beneficiary is not a member of the family of the current designated beneficiary). The written request shall also contain a dated original signature of an individual account owner or the dated original signature of the authorized signer for an entity account owner. An entity account owner shall also attach to the written request substantiation that the entity account owner authorizes the change of beneficiary and that the signer of the written request is authorized to conduct the transaction.
(b) Change of Designated Beneficiary Through Rollover Distribution. A change of designated beneficiary may also be accomplished by means of a rollover distribution by an account owner (other than a custodial account owner).
Education Code 69981(d)
Education Code 69982(h)
Education Code 69980
Education Code 69983(e) and (f)
Internal Revenue Code 529(b)(7), (c)(3)(C) and (e)(2)
(Amended By Register 2002, No. 49)