O.C.G.A.
O.C.G.A. § 20-3-616 (2019)
Exemption from securities law; approval required for transfer of advance tuition payment contracts
✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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An advance tuition payment contract shall be exempt from Chapter 5 of Title 10, the ‘‘Georgia Uniform Securities Act of 2008.’’ An advance tuition payment contract may not be sold or otherwise transferred by the purchaser or qualified beneficiary without the prior approval of the trust.
History
(Code 1981, § 20-3-616, enacted by Ga. L. 1990, p. 1448, § 1; Ga. L. 2008, p. 381, § 10/SB 358.)