(a) Any ABLE savings accounts established pursuant to the provisions of this article shall be opened and managed by a designated beneficiary or a person or entity with signature authority, according to the ABLE Act.
(b) Each designated beneficiary may have only one account.
(c) In the absence of a conservator, a guardian may manage an ABLE account regardless of the amount of a designated beneficiarys personal assets. The Department of Health and Human Resources may not manage an ABLE account.
(d) The Treasurer may require a designated beneficiary or a person with signature authority to submit an application to the Treasurer to establish an account. The Treasurer may establish a nonrefundable application fee. An application for such account shall be in the form prescribed by the Treasurer and contain:
(1) The name, address, and social security number of the designated beneficiary;