§ 15. Use of Custodial Property. (a) A custodian may deliver or pay to the minor or expend for the minor's benefit
so much of the custodial property as the custodian considers advisable for the use
and benefit of the minor, without court order and without regard to (i) the duty or
ability of the custodian personally or of any other person to support the minor, or
(ii) any other income or property of the minor which may be applicable or available
for that purpose.
(a-5) At any time, a custodian may transfer part or all of the custodial property
to a qualified minor's trust without a court order. Such a transfer terminates the custodianship to the extent of the transfer.
(b) On petition of an interested person or the minor if the minor has attained the
age of 14 years, the court may order the custodian to deliver or pay to the minor
or expend for the minor's benefit so much of the custodial property as the court considers
advisable for the use and benefit of the minor.
(c) A delivery, payment, or expenditure under this Section is in addition to, not
in substitution for, and does not affect any obligation of a person to support the
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.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.