(a) A personal representative or trustee may make an irrevocable transfer under AS 13.46.080 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 under AS 13.46.020 to receive the custodial property, the transfer must be made to that person.
(c) If the testator or settlor has not nominated a custodian under AS 13.46.020 , 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 under AS 13.46.080 (a).
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