38-1708. Transfer by obligor.
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/ks/chapter-38/38-1708A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
38-1708. Transfer by obligor.
(a)Subject to subsections
(b)and (c), a person not subject to K.S.A. 38-1706 or 38-1707 , and amendments thereto, who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to K.S.A. 38-1710 , and amendments thereto.
(b)If a person having the right to nominate a custodian under K.S.A. 38-1704 , and amendments thereto, has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
(c)If no custodian has been nominated under K.S.A. 38-1704 , and amendments thereto, or all persons so nominated as custodian die before the transfer or are unable, decline or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $25,000 in value.