§ 63-5-601 Short title
§ 63-5-605 Definitions
§ 63-5-610 Scope and jurisdiction
§ 63-5-615 Nomination of custodian
§ 63-5-620 Transfer by gift or exercise of power of appointment
§ 63-5-625 Transfer authorized by will or trust
§ 63-5-630 Other transfer by fiduciary
§ 63-5-635 Transfer by obligor
§ 63-5-640 Receipt for custodial property
§ 63-5-645 Manner of creating custodial property and effecting transfer; designation of initial custodian; control
§ 63-5-650 Single custodianship
§ 63-5-655 Validity and effect of transfer
§ 63-5-660 Care of custodial property
§ 63-5-665 Powers of custodian
§ 63-5-670 Use of custodial property
§ 63-5-675 Custodian’s expenses, compensation, and bond
§ 63-5-680 Exemption of third person from liability
§ 63-5-685 Liability to third persons
§ 63-5-690 Renunciation, resignation, death, or removal of custodian; designation of successor custodian
§ 63-5-695 Accounting by and determination of liability of custodian
§ 63-5-700 Termination of custodianship
§ 63-5-705 Applicability
§ 63-5-710 Effect on existing custodianships
§ 63-5-715 Uniformity of application and construction
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Terms Used In South Carolina Code > Title 63 > Chapter 5 > Article 6 - South Carolina Uniform Transfers to Minors Act

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Executor: A male person named in a will to carry out the decedent
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Parent: means biological parent, adoptive parents, step-parent, or person with legal custody. See South Carolina Code 63-1-40
  • Personal property: All property that is not real property.
  • Probate: Proving a will
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Statute: A law passed by a legislature.
  • Testator: A male person who leaves a will at death.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.