N.J. Admin. Code § 9A:10-7.7

Current through Register Vol. 56, No. 24, December 18, 2024

Section 9A:10-7.7 - Procedures for changes in designated beneficiary in the New Jersey Better Educational Savings Trust (NJBEST) Program

A contributor may change the designated beneficiary of an account as permitted in section 529 of the Federal Internal Revenue Code of 1986, 26 U.S.C. § 529, by providing prior notice to the Authority of the request to change and evidence acceptable to the Authority that the new designated beneficiary is a member of the family of the current designated beneficiary.

N.J. Admin. Code § 9A:10-7.7

Amended by R.2002 d.289, effective 9/3/2002.
See: 33 New Jersey Register 4053(a), 34 New Jersey Register 3086(a).
Rewrote the section.
Amended by R.2003 d.343, effective 8/18/2003.
See: 35 New Jersey Register 1483(a), 35 New Jersey Register 3828(b).
Substituted "by providing prior notice to the Authority of the request" for "by providing the Authority 60 days' notice of the request".