Hawaii Revised Statutes 553a. Uniform Transfers to Minors Act

• 553a-1 Definitions.
  As used in this chapter, unless the context otherwise requires: "Adult" means an individual who has attained the age of twenty-one years. "Benefit plan"...
• 553a-2 Scope and Jurisdiction.
  (a) This chapter applies to a transfer that refers to this chapter in the designation under section 553A-9(a) by which the transfer is made...
• 553a-3 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...
• 553a-4 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...
• 553a-5 Transfer Authorized by Will or Trust.
  (a) A personal representative or trustee may make an irrevocable transfer pursuant to section 553A-9 to a custodian for the benefit of a minor...
• 553a-6 Other Transfer by Fiduciary.
  (a) Subject to subsection (c), a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for...
• 553a-7 Transfer by Obligor.
  (a) Subject to subsections (b) and (c), a person not subject to section 553A-5 or 553A-6 who holds property of or owes a liquidated...
• 553a-8 Receipt for Custodial Property.
  A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this...
• 553a-9 Manner of Creating Custodial Property and Effecting Transfer; Designation of Initial Custodian; Control.
  (a) Custodial property is created and a transfer is made whenever: (1) An uncertificated security or a certificated security in registered form is either:...
• 553a-10 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...
• 553a-11 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...
• 553a-12 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,...
• 553a-13 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...
• 553a-14 Use of Custodial Property.
  (a) A custodian may deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the...
• 553a-15 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...
• 553a-16 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 any person purporting to...
• 553a-17 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...
• 553a-18 Renunciation, Resignation, Death, or Removal of Custodian; Designation of Successor Custodian.
  (a) A person nominated under section 553A-3 or designated under section 553A-9 as custodian may decline to serve by delivering a valid renunciation pursuant...
• 553a-19 Accounting by and Determination of Liability of Custodian.
  (a) A minor who has attained the age of fourteen years, the minor's guardian or legal representative, an adult member of the minor's family,...
• 553a-20 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: (1)...
• 553a-21 Applicability.
  This chapter applies to a transfer within the scope of section 553A-2 made after July 1, 1985 if: (1) The transfer purports to have...
• 553a-22 Effect on Existing Custodianships.
  (a) Any transfer of custodial property as now defined in this chapter made before July 1, 1985, is validated notwithstanding that there was no...
• 553a-23 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...
• 553a-24 Short Title.
  This chapter may be cited as the "Hawaii Uniform Transfers to Minors Act". [L 1985, c 91, pt of §1]

Last modified: October 27, 2016