RSA 463-A:7 · Transfer by Obligor

463-A:7 Transfer by Obligor. –

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I.

Subject to paragraphs II and III, a person not subject to RSA 463-A:5 or 6 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 RSA 463-A:9.

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II.

If a person having the right to do so under RSA 463-A:3 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.

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III.

If no custodian has been nominated under RSA 463-A:3, 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 $10,000 in value. Source. 1985, 197:1, eff. July 30, 1985.

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