California Education Code

§ 69983

EDC § 69983 Effective Jan 1, 2006Div. 5 · Title 3 · Part 42 · Ch. 2 · Art. 19

Statute text

The Scholarshare trust may enter into participation agreements with participants on behalf of beneficiaries pursuant to the following terms and agreements:

(a)The board may specify a required minimum length of time before distributions for higher education expenses may be made, and may impose a penalty on the early distribution of funds if deemed by the board to be necessary.

(b)Beneficiaries designated in participation agreements may be designated from date of birth.

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Legislative history

Amended by Stats. 2005, Ch. 318, Sec. 4. Effective January 1, 2006.