Bill Title: Amends the State Treasurer Act. Provides that for purposes of the ABLE account program, a designated beneficiary means the ABLE account owner. Provides that upon the death of a designated beneficiary, proceeds from an account may be transferred pursuant to a payable on death account agreement. Provides that upon the death of a designated beneficiary, the State Treasurer may require verification that the funeral and burial expenses of the designated beneficiary have been paid. Makes conforming changes. Effective immediately.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Passed) 2021-08-16 - Public Act . . . . . . . . . 102-0392 [HB1836 Detail]

Text: Latest bill text (Chaptered) [HTML]

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