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.
Structure Georgia Code
Chapter 3 - Postsecondary Education
Article 10 - College Opportunity Act
§ 20-3-601. Legislative Findings
§ 20-3-602. Purposes of Article
§ 20-3-604. Creation of Georgia Education Trust
§ 20-3-605. Advance Tuition Payment Contract Authorized; Form and Contents of Contract
§ 20-3-606. Types of Advance Tuition Payment Contracts; Alternative Provisions
§ 20-3-607. Termination of Advance Tuition Payment Contracts; Refunds
§ 20-3-608. Advance Tuition Payment Fund; Expenditure of Trust Assets
§ 20-3-609. Public Meetings; Writings and Performance of Official Duties
§ 20-3-614. Preservation of Assets of Trust Fund; Investment in Obligations of State
§ 20-3-615. Admission to or Graduation From Institutions Not Guaranteed