36-7-1 Definitions
36-7-2 Scope and jurisdiction
36-7-3 Nomination of custodian
36-7-4 Transfer by gift or exercise of power of appointment
36-7-5 Transfer authorized by will or trust
36-7-6 Other transfer by fiduciary
36-7-7 Transfer by obligor
36-7-8 Receipt for custodial property
36-7-9 Manner of creating custodial property and effecting transfer; designation of initial custodian; control
36-7-10 Single custodianship
36-7-11 Validity and effect of transfer
36-7-12 Care of custodial property
36-7-13 Powers of custodian
36-7-14 Use of custodial property
36-7-15 Custodian’s expenses, compensation, and bond
36-7-16 Exemption of third person from liability
36-7-17 Liability to third persons
36-7-18 Renunciation, resignation, death, or removal of custodian; designation of successor custodian
36-7-19 Accounting by and determination of liability of custodian
36-7-20 Termination of custodianship
36-7-21 Applicability
36-7-22 Effect on existing custodianships
36-7-23 Uniformity of application and construction
36-7-24 Short title
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Terms Used In West Virginia Code > Chapter 36 > Article 7 - 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.
  • 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.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • 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.
  • State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
  • 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.