# Ark. Code Ann. § 6-84-108: Naming of designated beneficiary and transfers of accounts

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-108

## Section

- **Citation:** Ark. Code Ann. § 6-84-108
- **Heading:** Naming of designated beneficiary and transfers of accounts
- **Jurisdiction:** Arkansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AR Code / Title 6 / Chapter 84 / Section 6-84-108

## Text

(a) An account owner shall have the right to name the designated beneficiary of an account and at any time to change the designated beneficiary of an account to another individual who is a member of the family of the former designated beneficiary. (b) At the direction of an account owner, all or a portion of an account may be transferred to another account of which the designated beneficiary is a member of the family of the designated beneficiary of the transferee account if the transferee account was created by this chapter or under another qualified tuition program maintained in accordance with 26 U.S.C. § 529 , as in effect on January 1, 2020. Amended by Act 2021, No. 966,§ 13, eff. 7/28/2021. Amended by Act 2018EX2, No. 15,§ 3, eff. for tax years beginning on or after 1/1/2018. Amended by Act 2018EX2, No. 8,§ 3, eff. 1/1/2018. Amended by Act 2017, No. 884,§ 10, eff. 8/1/2017. Amended by Act 2017, No. 155,§ 5, eff. for tax years beginning on and after 1/1/2015. Amended by Act 2015, No. 580,§ 9, eff. for tax years beginning on or after January 1, 2014. Acts 1999, No. 996, § 10; 2003, No. 515, § 1; 2007, No. 218, § 5; 2011, No. 787, § 5.

(a) An account owner shall have the right to name the designated beneficiary of an account and at any time to change the designated beneficiary of an account to another individual who is a member of the family of the former designated beneficiary.

(b) At the direction of an account owner, all or a portion of an account may be transferred to another account of which the designated beneficiary is a member of the family of the designated beneficiary of the transferee account if the transferee account was created by this chapter or under another qualified tuition program maintained in accordance with 26 U.S.C. § 529 , as in effect on January 1, 2020.

Amended by Act 2021, No. 966,§ 13, eff. 7/28/2021.

Amended by Act 2018EX2, No. 15,§ 3, eff. for tax years beginning on or after 1/1/2018.

Amended by Act 2018EX2, No. 8,§ 3, eff. 1/1/2018.

Amended by Act 2017, No. 884,§ 10, eff. 8/1/2017.

Amended by Act 2017, No. 155,§ 5, eff. for tax years beginning on and after 1/1/2015.

Amended by Act 2015, No. 580,§ 9, eff. for tax years beginning on or after January 1, 2014.

Acts 1999, No. 996, § 10; 2003, No. 515, § 1; 2007, No. 218, § 5; 2011, No. 787, § 5.

## Nearby sections

- [Ark. Code Ann. § 6-84-101 Title](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-101.md)
- [Ark. Code Ann. § 6-84-102 Purpose](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-102.md)
- [Ark. Code Ann. § 6-84-103 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-103.md)
- [Ark. Code Ann. § 6-84-104 Creation of Arkansas Brighter Future Fund Plan Trust](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-104.md)
- [Ark. Code Ann. § 6-84-105 Administration - Authority - Powers](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-105.md)
- [Ark. Code Ann. § 6-84-106 Investment direction](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-106.md)
- [Ark. Code Ann. § 6-84-107 Accounts](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-107.md)
- [Ark. Code Ann. § 6-84-108 Naming of designated beneficiary and transfers of accounts](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-108.md)
- [Ark. Code Ann. § 6-84-109 Account withdrawals](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-109.md)
- [Ark. Code Ann. § 6-84-110 Prohibitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-110.md)
- [Ark. Code Ann. § 6-84-111 Funds exempt from tax - Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-111.md)
- [Ark. Code Ann. § 6-84-112 Limitation on liability](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-112.md)
- [Ark. Code Ann. § 6-84-113 Liberal construction](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-113.md)
- [Ark. Code Ann. § 6-84-114 Aspiring Scholars Matching Grant Program](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-108. Check the current official text before relying on it. Not legal advice.