§ 1251e. Transfer by gift or exercise of power of appointment
A person may make a transfer by irrevocable gift, tangible or intangible to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to section 1251j of this chapter.
§ 1251f. Transfer authorized by will or trust
(a) A personal representative or trustee may make an irrevocable transfer pursuant to section 1251j of this chapter to a custodian for the benefit of a minor as authorized in the governing will or trust. (b) If the testator or settlor has nominated a custodian under section 1251d of this chapter to receive the custodial […]
§ 1251g. Other transfer by fiduciary
(a) Subject to subsection (c), a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to section 1251j of this chapter, in the absence of a will or under a will or trust that does not contain an authorization to […]
§ 1251h. Transfer by obligor
(1) Subject to subsections (b) and (c) of this section, a person not subject to section 1251f or 1251g of this chapter who holds property of or owes a liquidated debt to a minor not having a guardian may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to section […]
§ 1251d. Nomination of custodian
(a) A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to receive the property for a minor beneficiary upon the occurrence of the event by naming the custodian followed in substance by the words: “as custodian for ____ (name of […]
§ 1220. Uniformity of interpretation
This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those jurisdictions which enact it.
§ 1251a. Short title
This chapter may be cited as the “Virgin Islands Uniform Transfer to Minors Act.”
§ 1251b. Definitions
In this chapter: (a) “Adult” means an individual who has attained the age of 18 years. (b) “Benefit plan” means an employer’s plan for the benefit of an employee or partner. (c) “Broker” means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person’s own account or for […]
§ 1251c. Scope
(a) This chapter applies to a transfer that refers to this chapter in the designation under section 1251p, subsection (a), of this chapter by which the transfer is made if at the time to the transfer, the transferor, the minor, or the custodian is a resident of this Territory or the custodial property is located […]
§ 1215. Enforcement
Any beneficiary may apply to the court of competent jurisdiction for an order requiring the trustee to perform the duties imposed upon him by this chapter.