Louisiana Revised Statutes 9:770 – Termination of custodianship
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Terms Used In Louisiana Revised Statutes 9:770
- Custodial property: means any interest in property transferred to a custodian under this Subpart and the income from and proceeds of that interest in property. See Louisiana Revised Statutes 9:751
- Custodian: means a person so designated under Louisiana Revised Statutes 9:751
- Minor: means an individual who has not attained the age of twenty-two years. See Louisiana Revised Statutes 9:751
- Transfer: means a transaction that creates custodial property under Louisiana Revised Statutes 9:751
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:
(1) The minor’s attainment of twenty-two years of age.
(2) The minor’s judicial emancipation.
(3) The minor’s death.
Acts 1987, No. 469, §1, eff. Jan. 1, 1988; Acts 2023, No. 60, §1.