Section 7-6.5. Transfer authorized by will or trust  


Latest version.
  • (a)  A  personal  representative  or  trustee  may make an irrevocable
      transfer pursuant to 7-6.9 to a custodian for the benefit of a minor  as
      authorized in the governing will or trust.
        (b)  If  the testator or settler has nominated a custodian under 7-6.3
      to receive the custodial property, the transfer must  be  made  to  that
      person.
        (c)  If  the  testator  or settler has not nominated a custodian under
      7-6.3, or all persons so nominated as custodian die before the  transfer
      or  are  unable,  decline,  or  are  ineligible  to  serve, the personal
      representative or the trustee, as the case may be, shall  designate  the
      custodian  from  among those eligible to serve as custodian for property
      of that kind under paragraph (a) of 7-6.9.