(a) Subject to subsections (b) and (c), a person not subject to Kan. Stat. Ann. §§ 38-1706 or 38-1707, and amendments thereto, who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to Kan. Stat. Ann. § 38-1710, and amendments thereto.

(b) If a person having the right to nominate a custodian under Kan. Stat. Ann. § 38-1704, and amendments thereto, has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.

(c) If no custodian has been nominated under Kan. Stat. Ann. § 38-1704, and amendments thereto, or all persons so nominated as custodian die before the transfer or are unable, decline or are ineligible to serve, a transfer under this section may be made to an adult member of the minor’s family or to a trust company unless the property exceeds $25,000 in value.