§ 31-43. Transfer by obligor
A. Subject to subsections B and C, a person not subject to § 31-41 or who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to § 31-45.
B. If a person having the right to do so under § 31-39 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
C. If no custodian has been nominated under § 31-39, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $10,000 in value, in which event the transfer may be made if authorized by the court.
(1988, c. 516.)
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