Custodians of individual retirement accounts
Sec. 3.5. (a) Except as otherwise determined in a dissolution of
marriage proceeding, a custody proceeding, or another proceeding
authorized by law, including a proceeding under section 6 of this
chapter or another proceeding under this article, and unless a minor
is married:
(1) the parents of the minor jointly or one (1) parent of the
minor individually, if both parents are not incapacitated
persons;
(2) one (1) parent, if one (1) of the parents is an incapacitated
person; or
(3) the survivor, if one (1) parent is deceased and if the survivor
is not an incapacitated person;
have the right, without the appointment of a guardian, giving of
bond, or order or confirmation of court, to act as custodians of an
individual retirement account established for the minor under 26
U.S.C. 408.
(b) IC 30-2-8.5-27(b), IC 30-2-8.5-27(e), and IC 30-2-8.5-28 apply
to this section.
As added by P.L.264-1995, SEC.1.
Last modified: May 27, 2006