[Previous] [Next]

§58-1206.


§58-1206.
   
   A. A personal representative or trustee may make an irrevocable
   transfer pursuant to the provisions of Section 10 of this act to a
   custodian for the benefit of a minor as authorized in the governing
   will or trust.
   
   B. If the testator or settlor has nominated a custodian according to
   Section 4 of this act to receive the custodial property, the transfer
   must be made to that person.
   
   C. If the testator or settlor has not nominated a custodian according
   to Section 4 of this act, or all persons so nominated as custodian die
   before the transfer or are unable, decline, or are ineligible to
   serve, the personal representative or the trustee, as the case may be,
   shall designate the custodian from among those eligible to serve as
   custodian for property of that kind according to the provisions of
   subsection A of Section 10 of this act.
   

[Previous] [Next]