(a) This subchapter applies to a transfer or declaration creating a custodial trust that refers to this subchapter if, at the time of the transfer or declaration, the transferor, beneficiary, or custodial trustee is a resident of or has its principal place of business in this state or custodial trust property is located in this state. The custodial trust remains subject to this subchapter despite a later change in residence or principal place of business of the transferor, beneficiary, or custodial trustee, or removal of the custodial trust property from this state.
(b) A transfer made pursuant to an act of another state substantially similar to this subchapter is governed by the law of that state and may be enforced in this state.
Section: Previous 28-72-409 28-72-410 28-72-411 28-72-412 28-72-413 28-72-414 28-72-415 28-72-416 28-72-417 28-72-418 28-72-419 28-72-420 28-72-421 28-72-422 NextLast modified: November 15, 2016