The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of:

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A. the minor’s attainment of twenty-one years of age with respect to custodial property transferred under Section 5 or 6 N.M. Stat. Ann. § 46-7-15 or 46-7-16 of the Uniform Transfers to Minors Act;

B. the minor’s attainment of the age of majority under the laws of this state other than the Uniform Transfers to Minors Act with respect to custodial property transferred under Section 7 or 8 N.M. Stat. Ann. § 46-7-17 or 46-7-18 of that act;

C. the minor’s death.