[§554B-19] Applicable law.
122 words·~1 min read·
/hi/554b-19A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§554B-19] Applicable law.
(a)This chapter applies to a registration, transfer, or declaration that refers to this chapter as provided in section 554B-2 if, at the time of the registration, transfer, or declaration, the transferor, beneficiary, or custodial trustee is a resident of this State or the custodial trust property is located in this State. The custodial trust remains subject to this chapter despite a subsequent change in residence of the transferor, beneficiary, or custodial trustee, or removal of the custodial trust property from this State.
(b)A transfer made under a substantially similar act of another state is governed by the law of that state and may be executed or enforced in this State. [L 1989, c 76, pt of §1]