Cal. Code Regs. tit. 5 § 31014

Current through Register 2024 Notice Reg. No. 49, December 6, 2024

Section 31014 - Opt-Out

(a) A Beneficiary, age 18 or older, may opt out of the Program, or a parent or legal guardian may opt their Beneficiary out of the Program, only by completing, signing, and submitting to the Board the "CalKIDS Permanent Opt-Out Request" (Rev. October 2023), that is incorporated herein by reference.

(b) By choosing to opt-out, the Beneficiary, parent or legal guardian forfeits any claim to a CalKIDS account and any rights conferred to Participants or Beneficiaries.

(c) Opting-out of CalKIDS shall in no way prohibit a person from opening their own individual ScholarShare 529 account.

Cal. Code Regs. Tit. 5, § 31014

Note: Authority cited: Section 69996.4, Education Code. Reference: Section 69996.3, Education Code.

1. New section filed 8-15-2022; operative 8/15/2022 pursuant to Government Code section 11343.4(b)(3) (Register 2022, No. 33).
2. Change without regulatory effect amending subsection (a) and correcting subsection lettering filed 6-5-2023 pursuant to section 100, title 1, California Code of Regulations (Register 2023, No. 23).
3. Amendment of subsection (a) filed 6-26-2024; operative 10/1/2024 (Register 2024, No. 26).