Arizona Laws 14-7670. Termination of custodianship
Current as of: 2024 | Check for updates
|
Other versions
The custodian shall transfer in an appropriate manner the custodial property to the minor or the minor’s estate on the earlier of:
Terms Used In Arizona Laws 14-7670
- Custodial property: means an interest in property that is transferred to a custodian pursuant to this article and income from and proceeds of that interest in property. See Arizona Laws 14-7651
- Custodian: means a person designated pursuant to section 14-7659 or a successor or substitute custodian designated pursuant to section 14-7668. See Arizona Laws 14-7651
- Estate: includes the property of the decedent, trust or other person whose affairs are subject to this title as originally constituted and as it exists from time to time during administration. See Arizona Laws 14-1201
- Minor: means a person under the age of twenty-one years. See Arizona Laws 14-7651
- Property: includes both real and personal property. See Arizona Laws 1-215
- Transfer: means a transaction that creates custodial property pursuant to section 14-7659. See Arizona Laws 14-7651
1. The minor’s twenty-first birthday with respect to custodial property transferred pursuant to section 14-7654 or 14-7655.
2. The minor’s eighteenth birthday with respect to custodial property transferred pursuant to section 14-7656 or 14-7657.
3. The minor’s death.