---
title: O.C.G.A. § 20-3-616. Exemption from securities law; approval required for transfer of advance tuition payment contracts.
collection: code
id: 20-3-616
cite_as: O.C.G.A. § 20-3-616 (2025)
canonical_url: https://georgiacommons.org/code/20-3-616
md_url: https://georgiacommons.org/code/20-3-616.md
text_url: https://georgiacommons.org/code/20-3-616/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch3-18-(v17a)-2025-pdf.pdf?sfvrsn=10d12596_0#page=368
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: EDUCATION / POSTSECONDARY EDUCATION / COLLEGE OPPORTUNITY ACT
---

# O.C.G.A. § 20-3-616. Exemption from securities law; approval required for transfer of advance tuition payment contracts.

An advance tuition payment contract shall be exempt from Chapter 5 of Title 10, the “Georgia Uniform Securities Act of 2008.” An advance tuition payment contract may not be sold or otherwise transferred by the purchaser or qualified beneficiary without the prior approval of the trust.

## History

Code 1981, § 20-3-616, enacted by Ga. L. 1990, p. 1448, § 1; Ga. L. 2008, p. 381, § 10/SB 358.