North Carolina General Statutes Chapter 33A. North Carolina Uniform Transfers to Minors Act § 33A-20. Termination of custodianship
Current as of January 01, 2020 | Updated by FindLaw Staff
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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 21 years of age with respect to custodial property transferred under G.S. 33A-4 or G.S. 33A-5, except that any transferor may have custodial property transferred to the minor at any time after the age of 18 and before the age of 21 by a designation in the following words or their equivalent: “The custodian shall transfer this property to __________ (name of minor) when he reaches the age of ___ (age after 18 and before 21).”;
(2) The minor's attainment of age 18 with respect to custodial property transferred under G.S. 33A-6 or G.S. 33A-7; or
(3) The minor's death.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 33A. North Carolina Uniform Transfers to Minors Act § 33A-20. Termination of custodianship - last updated January 01, 2020 | https://codes.findlaw.com/nc/chapter-33a-north-carolina-uniform-transfers-to-minors-act/nc-gen-st-sect-33a-20.html
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