[§257-5]  Death.  In the event of anaccount holder's death, the account may be transferred to the ownership of acontingent beneficiary.  An account holder shall name contingent beneficiariesat the time the account is established and may change beneficiaries at anytime.  If the named beneficiary is deceased or otherwise cannot accept thetransfer, the moneys shall be transferred to the individual development accountmatch fund of the fiduciary organization. [L 1999, c 160, pt of §25]