(a) Subject to (b) and (c) of this section, a person not subject to AS 13.46.040 or 13.46.050 who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor under AS 13.46.080.
(b) If a person having the right to do so under AS 13.46.020 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
(c) If a custodian has not been nominated under AS 13.46.020 , or all persons nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $5,000 in value.
Section: Previous 13.46.010 13.46.020 13.46.030 13.46.040 13.46.050 13.46.060 13.46.070 13.46.080 13.46.085 13.46.090 13.46.100 13.46.110 13.46.120 13.46.130 13.46.140 NextLast modified: November 15, 2016