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§ 31014. Opt-Out.

5 CA ADC § 31014Barclays Official California Code of RegulationsEffective: August 15, 2022

Barclays California Code of Regulations
Title 5. Education
Division 4.5. Scholarshare Investment Board
Chapter 3. California Kids Investment and Development Savings Program
Effective: August 15, 2022
5 CCR § 31014
§ 31014. Opt-Out.
Currentness
(a) A Beneficiary, age 18 or older, may opt out of the Program, or a parent or legal guardian may opt their Beneficiary out of the Program, only by completing and signing the “CalKIDS Permanent Opt-Out Request” (Rev. April 2023), that is incorporated herein by reference.
(b) By choosing to opt-out, the Beneficiary, parent or legal guardian forfeits any claim to a CalKIDS account and any rights conferred to Participants or Beneficiaries.
(c) Opting-out of CalKIDS shall in no way prohibit a person from opening their own individual ScholarShare 529 account.

Credits

Note: Authority cited: Section 69996.4, Education Code. Reference: Section 69996.3, Education Code.
History
1. New section filed 8-15-2022; operative 8-15-2022 pursuant to Government Code section 11343.4(b)(3) (Register 2022, No. 33).
2. Change without regulatory effect amending subsection (a) and correcting subsection lettering filed 6-5-2023 pursuant to section 100, title 1, California Code of Regulations (Register 2023, No. 23).
This database is current through 4/12/24 Register 2024, No. 15.
Cal. Admin. Code tit. 5, § 31014, 5 CA ADC § 31014
End of Document