1. A. Any individual or individuals meeting the requirements for an individual contract contributor under section 19-1230B.1, a corporation, partnership, association, trust, nonprofit organization, any legally recognized organization that has the authority to enter into contracts, or other entities approved by the Board may purchase a tuition prepayment contract for a designated beneficiary. Only the contributor may execute tuition prepayment contract changes, conversions, transfers, termination, and refund requests.
2. B. Any requests to change the contributor designated on a tuition prepayment contract must be signed and notarized by both the original contributor and the new contributor.
3. C. Refunds shall be made payable to the order of the contributor, or the primary contributor in the case of multiple individual contributors for one tuition prepayment contract, only.

HISTORY: Added by State Register Volume 22, Issue No. 6, Part 1, eff June 26, 1998.