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Current as of March 28, 2024 | Updated by Findlaw Staff
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 attainment of twenty-one (21) years of age with respect to custodial property transferred under § 9-26-204 or § 9-26-205, except that any transferor may have custodial property transferred to the minor at any time after the age of eighteen (18) years and before twenty-one (21) years by a designation in the following words or their equivalent: “The custodian shall transfer this property to ․․․․․․․․․․ (name of minor) when ․․․ (he or she) reaches the age of ․․․․․․․․․․ (age, after eighteen (18) years and before twenty-one (21) years, at which transfer takes place)”;
(2) the minor's attainment of age eighteen (18) years with respect to custodial property transferred under § 9-26-206 or § 9-26-207; or
(3) the minor's death.
Cite this article: FindLaw.com - Arkansas Code Title 9. Family Law § 9-26-220. Termination of custodianship - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-9-family-law/ar-code-sect-9-26-220/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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