Laws of New York (Last Updated: November 21, 2014) |
EPT Estates, Powers and Trusts |
Article 7. TRUSTS |
Part 6. UNIFORM TRANSFERS TO MINORS ACT |
Section 7-6.20. Termination of custodianship
Latest version.
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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: (a) the minor's attainment of twenty-one years of age with respect to custodial property transferred under 7-6.4 or 7-6.5; (b) the minor's attainment of age eighteen or other statutory age of majority of New York with respect to custodial property transferred under 7-6.6 or 7-6.7; or (c) the minor's death.