Michigan § 390.1478 - Account owner or beneficiary; changes; transfer.
Full text of Michigan Michigan Compiled Laws § 390.1478 — Account owner or beneficiary; changes; transfer., with citation guidance and answers to common questions.
§ 390.1478. Account owner or beneficiary; changes; transfer.
(1) An account owner may designate another individual as a successor owner of the account in the event of the death of the account owner.
(2) An account owner may change the designated beneficiary of an account to a member of the family of the previously designated beneficiary as provided in the management contract or as otherwise provided in this act.
(3) An account owner may transfer ownership of all or a portion of an account to an individual or entity that is eligible to be an account owner under this act.
(4) An account owner may transfer all or a portion of an account to another education savings account. The designated beneficiary of the account to which the transfer is made must be a member of the family.
(5) An account owner may transfer all or a portion of an account to an account in a qualified tuition program under section 529 of the internal revenue code, other than the program under this act, once every 12 months, without a change in designated beneficiary.
(6) Changes in designated beneficiaries and transfers under this section are not permitted to the extent that the change or transfer would constitute excess contributions or unauthorized investment choices.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 390.1478
What does Michigan Compiled Laws § 390.1478 cover?
Section 390.1478 ("Account owner or beneficiary; changes; transfer.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 390.1478?
A common citation format is "Michigan Compiled Laws § 390.1478" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 390.1478 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.