Alaska Statutes Title 13, Chapter 13.46 - Alaska Uniform Transfers to Minors Act

• Sec. 13.46.010 Scope and Jurisdiction.
  (a) This chapter applies to a transfer that refers to this chapter in the designation under AS 13.46.080 (a) by which the transfer is...
• Sec. 13.46.020 Nomination of Custodian.
  (a) A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a...
• Sec. 13.46.030 Transfer by Gift or Exercise of Power of Appointment.
  A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian...
• Sec. 13.46.040 Transfer Authorized by Will or Trust.
  (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...
• Sec. 13.46.050 Other Transfer by Fiduciary.
  (a) Subject to (c) of this section, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as...
• Sec. 13.46.060 Transfer by Obligor.
  (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...
• Sec. 13.46.070 Receipt for Custodial Property.
  A written receipt by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian under this chapter.
• Sec. 13.46.080 Manner of Creating Custodial Property and Effecting Transfer; Designation of Initial Custodian; Control.
  (a) Custodial property is created and a transfer is made when(1) an uncertificated security or a certificated security in registered form is either(A) registered...
• Sec. 13.46.085 Native Corporations; Custodians.
  (a) The stock or membership in a corporation organized under the law of this state under 43 U.S.C. 1601 et seq. (Alaska Native Claims...
• Sec. 13.46.090 Single Custodianship.
  A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this chapter...
• Sec. 13.46.100 Validity and Effect of Transfer.
  (a) The validity of a transfer made in a manner prescribed in this chapter is not affected by(1) failure of the transferor to comply...
• Sec. 13.46.110 Care of Custodial Property.
  (a) A custodian shall(1) take control of custodial property;(2) register or record title to custodial property if appropriate; and(3) collect, hold, manage, invest, and...
• Sec. 13.46.120 Powers of Custodian.
  (a) A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over...
• Sec. 13.46.130 Use of Custodial Property.
  (a) A custodian may deliver or pay to the minor or expend for the minor's benefit as much of the custodial property as the...
• Sec. 13.46.140 Custodian's Expenses, Compensation, and Bond.
  (a) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.(b) Except for one...
• Sec. 13.46.150 Exemption of Third Person From Liability.
  A third person in good faith and without court order may act on the instructions of or otherwise deal with a person purporting to...
• Sec. 13.46.160 Liability to Third Persons.
  (a) A claim based on (1) a contract entered into by a custodian acting in a custodial capacity, (2) an obligation arising from the...
• Sec. 13.46.170 Renunciation, Resignation, Death, or Removal of Custodian; Designation of Successor Custodian.
  (a) A person nominated under AS 13.46.020 or designated under AS 13.46.080 as custodian may decline to serve by delivering a valid disclaimer to...
• Sec. 13.46.180 Accounting by and Determination of Liability of Custodian.
  (a) A minor who has attained the age of 14 years, the minor's guardian of the person or legal representative, an adult member of...
• Sec. 13.46.190 Termination of Custodianship.
  The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of the(1)...
• Sec. 13.46.195 Changing the Time for Transfer of Custodial Property.
  (a) Subject to the requirements and limitations of this section, the time for transfer to the minor of custodial property transferred under AS 13.46.030...
• Sec. 13.46.197 Extension of Custodial Term by Custodian.
  (a) A custodian may extend the custodial term under this section to an age older than the age that is specified by this chapter...
• Sec. 13.46.200 Applicability.
  This chapter applies to a transfer within the scope of AS 13.46.010 made after December 31, 1990, if the(1) transfer purports to have been...
• Sec. 13.46.210 Effect on Existing Custodianships.
  (a) A transfer of custodial property as defined in this chapter made before January 1, 1991, is validated notwithstanding that there was not specific...
• Sec. 13.46.220 Uniformity of Application and Construction.
  This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this...
• Sec. 13.46.990 Definitions.
  In this chapter,(1) "adult" means an individual who has attained the age of 18 years;(2) "benefit plan" means an employer's plan for the benefit...
• Sec. 13.46.999 Short Title.
  This chapter may be cited as the Alaska Uniform Transfers to Minors Act.

Last modified: November 15, 2016