Utah Code 75-5a-121. 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 to the minor’s estate upon the earlier of:
(1) the minor’s becoming 21 years of age with respect to custodial property transferred under Section 75-5a-105 or 75-5a-106 ;
Terms Used In Utah Code 75-5a-121
- 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 Utah Code 75-1-201 v2
- Minor: means a person who is under 18 years old. See Utah Code 75-1-201 v2
- Property: includes both real and personal property or any interest therein and means anything that may be the subject of ownership. See Utah Code 75-1-201 v2
- State: means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or insular possession subject to the jurisdiction of the United States, or a Native American tribe or band recognized by federal law or formally acknowledged by a state. See Utah Code 75-1-201 v2
(2) the minor’s attainment of majority under the laws of this state with respect to the custodial property transferred under Section 75-5a-107 or 75-5a-108 ; or
(3) the minor’s death.