§ 3217.
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/vt/title-14/chapter-115/3217A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 3217. Transfer by obligor
(a)Subject to subsections
(b)and
(c)of this section, a person not subject to section 3215 or 3216 of this title who holds property of or owes a liquidated debt to a minor not having a financial guardian may make an irrevocable transfer to a custodian for the benefit of the minor, pursuant to section 3219 of this title.
(b)If a person having the right to do so under section 3213 of this title has nominated a custodian under that section to receive the custodial property, the transfer shall be made to that person. (Added 2015, No. 7, § 1.)