California Probate Code PART 9 - CALIFORNIA UNIFORM TRANSFERS TO MINORS ACT

• Section 3900.
  This part may be cited as the “California Uniform Transfers to Minors Act.”(Enacted by Stats. 1990, Ch. 79.)
• Section 3901.
  In this part:(a) “Adult” means an individual who has attained the age of 18 years.(b) “Benefit plan” means an employer’s plan for the benefit of an employee...
• Section 3902.
  (a) This part applies to a transfer that refers to this part in the designation under subdivision (a) of Section 3909 by which the transfer is...
• Section 3903.
  (a) A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to...
• Section 3904.
  A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for...
• Section 3905.
  (a) A personal representative or trustee may make an irrevocable transfer pursuant to Section 3909 to a custodian for the benefit of a minor as authorized...
• Section 3906.
  (a) Subject to subdivision (c), a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit...
• Section 3907.
  (a) Subject to subdivisions (b) and (c), a person not subject to Section 3905 or 3906 who holds property of, or owes a liquidated debt to,...
• Section 3908.
  A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this part.(Enacted...
• Section 3909.
  (a) Custodial property is created and a transfer is made whenever any of the following occurs:(1) An uncertificated security or a certificated security in registered form is...
• Section 3910.
  A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this part by...
• Section 3911.
  (a) The validity of a transfer made in a manner prescribed in this part is not affected by any of the following:(1) Failure of the transferor to...
• Section 3912.
  (a) A custodian shall do all of the following:(1) Take control of custodial property.(2) Register or record title to custodial property if appropriate.(3) Collect, hold, manage, invest, and reinvest...
• Section 3913.
  (a) A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own...
• Section 3914.
  (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 custodian considers...
• Section 3915.
  (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 who is a...
• Section 3916.
  A third person in good faith and without court order may act on the instructions of, or otherwise deal with, any person purporting to make...
• Section 3917.
  (a) A claim based on (1) a contract entered into by a custodian acting in a custodial capacity, (2) an obligation arising from the ownership or...
• Section 3918.
  (a) A person nominated under Section 3903 or designated under Section 3909 as custodian may decline to serve by delivering a valid disclaimer under Part 8...
• Section 3919.
  (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 the minor’s...
• Section 3920.
  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 following:(a) The...
• Section 3920.5.
  (a) Subject to the requirements and limitations of this section, the time for transfer to the minor of custodial property transferred under or pursuant to Section...
• Section 3921.
  Subject to the power of the court to transfer actions and proceedings as provided in the Code of Civil Procedure, a petition filed under this...
• Section 3922.
  This part applies to a transfer within the scope of Section 3902 made on or after January 1, 1985, if either of the following requirements...
• Section 3923.
  (a) As used in this section, “California Uniform Gifts to Minors Act” means former Article 4 (commencing with Section 1154) of Chapter 3 of Title 4...
• Section 3925.
  This part shall not be construed as providing an exclusive method for making gifts or other transfers to minors.(Enacted by Stats. 1990, Ch. 79.)

Last modified: October 22, 2018