Hawaii Revised Statutes 553A-10 – Single custodianship
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Terms Used In Hawaii Revised Statutes 553A-10
- Custodial property: means (1) any interest in property transferred to a custodian under this chapter and (2) the income from and proceeds of that interest in property. See Hawaii Revised Statutes 553A-1
- Custodian: means a person so designated under section 553A-9 or a successor or substitute custodian designated under section 553A-18. See Hawaii Revised Statutes 553A-1
- Minor: means an individual who has not attained the age of twenty-one years. See Hawaii Revised Statutes 553A-1
- Person: means an individual, corporation, organization, or other legal entity. See Hawaii Revised Statutes 553A-1
- Transfer: means a transaction that creates custodial property under section 553A-9. See Hawaii Revised Statutes 553A-1
A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this chapter by the same custodian for the benefit of the same minor constitutes a single custodianship.