Revised Code of Washington - RCW Title 11 Probate And Trust Law - Chapter 11.114 Uniform Transfers To Minors Act

11.114.010 Definitions
Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) "Adult" means an individual other than the minor who ...
11.114.020 Scope and jurisdiction
(1) This chapter applies to a transfer that refers to this chapter in the designation under RCW 11.114.090(1) by which the transfer is made if ...
11.114.030 Nomination of custodian -- Designation of custodian by representative or specified person
(1) A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian ...
11.114.040 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 for ...
11.114.050 Transfer authorized by will or trust
(1) A personal representative or trustee may make an irrevocable transfer pursuant to RCW 11.114.090 to a custodian for the benefit of a minor as ...
11.114.060 Other transfer by fiduciary
(1) A personal representative or trustee may make an irrevocable transfer to an adult or trust company for the benefit of a minor pursuant to ...
11.114.070 Transfer by obligor
(1) Subject to subsections (2) and (3) of this section, a person not subject to RCW 11.114.050 or 11.114.060 who holds property of or owes ...
11.114.080 Receipt for custodial property
A written confirmation of delivery by a custodian constitutes a sufficient receipt and discharge of the transferor for custodial property transferred to the custodian under ...
11.114.090 Form and manner of creating custodial property and effecting transfer
(1) Custodial property is created and a transfer is made if: (a) An uncertificated security or a certificated security in registered form is either: (i) ...
11.114.100 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 by ...
11.114.110 Validity and effect of transfer
(1) The validity of a transfer made in a manner prescribed in this chapter is not affected by: (a) Failure of the transferor to comply ...
11.114.120 Care of custodial property
(1) A custodian shall, as soon as custodial property is made available to the custodian: (a) Take control of custodial property; (b) Register or record ...
11.114.130 Powers of custodian
(1) A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their ...
11.114.140 Use of custodial property
(1) A custodian may deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the custodian ...
11.114.150 Custodian's expenses, compensation, and bond
(1) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties. (2) Except for one ...
11.114.160 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 make ...
11.114.170 Liability to third persons
(1) A claim based on: (a) A contract entered into by a custodian acting in a custodial capacity; (b) An obligation arising from the ownership ...
11.114.180 Renunciation, resignation, death, or removal of custodian -- Designation of successor custodian
(1) A person nominated under RCW 11.114.030 or designated under RCW 11.114.090 as custodian may decline to serve. If the event giving rise to a ...
11.114.190 Accounting by and determination of liability of custodian
(1) A minor who has attained the age of eighteen years, the minor's legal representative, an adult member of the minor's family, a transferor, or ...
11.114.200 Termination of custodianship -- Extension
(1) Subject to RCW 11.114.220, the custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon ...
11.114.210 Applicability
This chapter applies to a transfer within the scope of RCW 11.114.020 made after July 1, 1991, if: (1) The transfer purports to have been ...
11.114.220 Effect on existing custodianships
(1) Any transfer of custodial property as now defined in this chapter made before July 1, 1991, is validated notwithstanding that there was no specific ...
11.114.230 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 chapter ...
11.114.900 Short title
This chapter may be cited as the uniform transfers to minors act.[1991 c 193 § 24.] ...
11.114.901 Captions not law
Section headings as used in this chapter do not constitute any part of the law.[1991 c 193 § 25.] ...
11.114.902 Savings -- 1991 c 193
To the extent that this chapter, by virtue of RCW 11.114.220(2), does not apply to transfers made in a manner prescribed in the uniform gifts ...
11.114.903 Effective date -- 1991 c 193
This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public ...
11.114.904 Severability -- 1991 c 193
If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application ...

Last modified: April 7, 2009