Indiana Code 30-2-8.5-35. Termination of custodianship
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Sec. 35. The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of:
(2) the minor’s death.
(1) the minor’s attaining twenty-one (21) years of age; or
Terms Used In Indiana Code 30-2-8.5-35
- custodial property: means :
Indiana Code 30-2-8.5-4
- custodian: means a person designated as a custodian under section 24 of this chapter or a successor or substitute custodian designated under section 33 of this chapter. See Indiana Code 30-2-8.5-5
- minor: means an individual who is less than twenty-one (21) years of age. See Indiana Code 30-2-8.5-10
- transfer: means a transaction that creates custodial property under section 24 of this chapter. See Indiana Code 30-2-8.5-14
As added by P.L.267-1989, SEC.2.