Mississippi Administrative Code
Title 38 - Treasurer
Part 3 - Mississippi Prepaid Affordable College Tuition Program (Horizon Contracts)
Chapter 6 - Contract Purchaser
Rule 38-3-6.4 - Change of Contract Purchaser and Contingent Purchaser

All requests to transfer ownership of the MPACT Contract to a different Purchaser must be submitted, in writing, to the State Treasurer. The request must contain the signatures of both the current Purchaser and the Purchaser to whom ownership of the Contract is being transferred, unless the Purchaser has died or become disabled and cannot furnish a signature.

If the current Purchaser has died, the Contingent Purchaser listed on the Contract will be named Purchaser once proof of death is received in such form deemed acceptable by the State Treasurer and the designated Contingent Purchaser acknowledges that he/she accepts the responsibilities of the original Contract Purchaser. In the event the MPACT Contract does not have a Contingent Purchaser listed, proof of death, in such form as deemed acceptable by the State Treasurer, must accompany the written request for a change in Purchaser in lieu of the current Purchaser's signature.

If the Purchaser has not designated a Contingent Purchaser, becomes disabled and cannot furnish a signature, proof of disability, in such form as deemed acceptable by the State Treasurer, must accompany the written request for a change in Purchaser in lieu of the current Purchaser's signature.

The request must be accompanied by the applicable Administrative Fee(s) as described in Rule 10.1 and Rule 10.7. See Rule 7.3 for additional restrictions applicable to UTMA/UGMA accounts.

Miss. Code Ann. § 37-155-9 (Rev. 2003).