75A-8-121. Termination of custodianship.
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/ut/title-75a/chapter-8/75a-8-121A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 9/1/2024
75A-8-121. Termination of custodianship.
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 old with respect to custodial property transferred under Section 75A-8-105 or 75A-8-106 ;
(2)the minor's attainment of majority under the laws of this state with respect to the custodial property transferred under Section 75A-8-107 or 75A-8-108 ; or
(3)the minor's death.
Renumbered and Amended by Chapter 364 , 2024 General Session