Part 5012 - Savings Accounts For Monies Due Certain Beneficiaries

Section 5012.4 - Payment of Funds

The funds in such account shall be payable, within a reasonable time after proper notification to the system, to a guardian of the property, committee or other such legal representative after such legal representative is appointed, or to the beneficiary once the legal disability is removed.

(Statutory authority: Education Law, § 508 (13))