RSA 463-A:20 · Termination of Custodianship

463-A:20 Termination of Custodianship. –

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I.

The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of:

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(a)

The minor's attainment of 21 years of age with respect to custodial property transferred under RSA 463-A:4 or 463-A:5;

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(b)

The minor's attainment of 18 years of age with respect to custodial property transferred under RSA 463-A:6 or 463-A:7; or

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(c)

The minor's death.

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II.

Paragraph I applies to all custodial property held under the provisions of this chapter, whether such custodial property was transferred to the custodian before, on, or after June 30, 1989.

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III.

At any time, a custodian may transfer part or all of the custodial property to a qualified minor's trust, as defined in RSA 463-A:1, XIII-a, without a court order. Such a transfer terminates the custodianship to the extent of the transfer. Source. 1989, 98:1. 2007, 111:2, eff. Jan. 1, 2008.

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