(a) A person having the right to designate the recipient of property transferable
upon the occurrence of a future event may revocably nominate a custodian to receive
the property for a minor beneficiary upon the occurrence of the event by naming the
custodian followed in substance by the words: “as custodian for _______ (name of minor) under the Hawaii Uniform Transfers to Minors Act.” The nomination may name one or more persons as substitute custodians to whom the property
must be transferred, in the order named, if the first nominated custodian dies before
the transfer or is unable, declines, or is ineligible to serve. The nomination may be made in a will, a trust, a deed, an instrument exercising a
power of appointment, or in a writing designating a beneficiary of contractual rights
which is registered with or delivered to the payor, issuer, or other obligor of the
(b) A custodian nominated under this section must be a person to whom a transfer of
property of that kind may be made under section 553A-9(a).
(c) The nomination of a custodian under this section does not create custodial property
until the nominating instrument becomes irrevocable or a transfer to the nominated
custodian is completed under section 553A-9. Unless the nomination of a custodian has been revoked, upon the occurrence of the
future event the custodianship becomes effective and the custodian shall enforce a
transfer of the custodial property pursuant to section 553A-9.
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 or via Westlaw before relying on it for your legal needs.
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