Montana Code 72-26-803. Termination of custodianship
72-26-803. Termination of custodianship. The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of:
Terms Used In Montana Code 72-26-803
- Custodial property: means :
(a)any interest in property transferred to a custodian under this chapter; and
(b)the income from and proceeds of that interest in property. See Montana Code 72-26-502
- Custodian: means a person so designated under 72-26-603 or a successor or substitute custodian designated under 72-26-801. See Montana Code 72-26-502
- Minor: means an individual who has not attained the age of 21 years. See Montana Code 72-26-502
- Property: means real and personal property. See Montana Code 1-1-205
- Transfer: means a transaction that creates custodial property under 72-26-603. See Montana Code 72-26-502
(1)the minor’s attainment of 21 years of age with respect to custodial property transferred under 72-26-604 or 72-26-605;
(2)the minor’s attainment of 18 years of age with respect to custodial property transferred under 72-26-606 or 72-26-607; or
(3)the minor’s death.