The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of:
(1) the minor's attainment of twenty-one (21) years of age with respect to custodial property transferred under § 9-26-204 or § 9-26-205, except that any transferor may have custodial property transferred to the minor at any time after the age of eighteen (18) years and before twenty-one (21) years by a designation in the following words or their equivalent: "The custodian shall transfer this property to .... (name of minor) when .... (he or she) reaches the age of ......... (age, after eighteen (18) years and before twenty-one (21) years, at which transfer takes place)";
(2) the minor's attainment of age eighteen (18) years with respect to custodial property transferred under § 9-26-206 or § 9-26-207; or
(3) the minor's death.
Section: Previous 9-26-213 9-26-214 9-26-215 9-26-216 9-26-217 9-26-218 9-26-219 9-26-220 9-26-221 9-26-222 9-26-223 9-26-224 9-26-225 9-26-226 9-26-227 NextLast modified: November 15, 2016