(a) This chapter applies to a registration, transfer, or declaration that refers to
this chapter as provided in section 554B-2 if, at the time of the registration, transfer, or declaration, the transferor, beneficiary,
or custodial trustee is a resident of this State or the custodial trust property is
located in this State. The custodial trust remains subject to this chapter despite a subsequent change in
residence of the transferor, beneficiary, or custodial trustee, or removal of the
custodial trust property from this State.
(b) A transfer made under a substantially similar act of another state is governed
by the law of that state and may be executed or enforced in this State.
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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