RCW 11.114.070
199 words·~1 min read·
/wa/title-11/chapter-11-114/11-114-070·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Subject to subsections
(2)and
(3)of this section, a person not subject to RCW 11.114.050 or 11.114.060 who holds property of or owes a liquidated debt to a minor not having a guardian may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to RCW 11.114.090 .
(2)If a person having the right to do so under RCW 11.114.030 has nominated a custodian under that section to receive the custodial property, the transfer shall be made to that person.
(3)If no custodian has been nominated under RCW 11.114.030 , 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 thirty thousand dollars in value.
(4)A member of the minor's family or the person who holds the property of the minor or who owes a debt to the minor may request that the court establish a custodianship if not previously established, regardless of the value of the transfer.
[ 1991 c 193 s 7 .]