Section 7-6.21. Age eighteen election  


Latest version.
  • Notwithstanding  the  foregoing sections of this part, if with respect
      to any gift made pursuant to 7-6.9, the designations  of  the  custodian
      contains,  in  substance,  the  phrase,  "until  age eighteen", then all
      records of the custodian with respect to such gift  shall  contain  such
      phrase,  and  the  gift  shall be administered under this part as if the
      word "eighteen" were substituted for the word "twenty-one" wherever such
      word appears in paragraphs (a) and (k) of section 7-6.1 and  in  section
      7-6.20.