13-55E-7. Nontransferability--Substitution of beneficiary.
39 words·~1 min read·
/sd/title-13/chapter-13-55/13-55e-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An advance payment contract may not be sold or otherwise transferred by the purchaser or beneficiary. Subject to rules promulgated pursuant to chapter 1-26 , the purchaser may substitute another individual for the beneficiary originally named in the contract.