§ 91-20-47. Construction of chapter
This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it.
§ 91-20-49. Severability of provisions of chapter
If any provisions of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end provisions of this chapter are severable.
§ 91-20-21. One custodian for one minor
A transfer may be made only for one (1) minor, and only one (1) 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.
§ 91-20-23. Factors not affecting validity of transfer; powers and duties of custodian unalterable
The validity of a transfer made in a manner prescribed in this chapter is not affected by: Failure of the transferor to comply with Section 91-20-19(3) concerning possession and control; Designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian […]
§ 91-20-25. Powers and duties of custodian; standard of care; records
A custodian shall: Take control of custodial property; Register or record title to custodial property if appropriate; and Collect, hold, manage, invest and reinvest custodial property. In dealing with custodial property, a custodian shall observe the standard of care that would be observed by a prudent person dealing with property of another and is not […]
§ 91-20-1. Short title
This chapter may be cited as the “Mississippi Uniform Transfers to Minors Act.”
§ 91-20-3. Definitions
In this chapter: “Adult” means an individual who has attained the age of twenty-one (21) years. “Benefit plan” means an employer’s plan for the benefit of an employee or partner. “Broker” means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person’s own account or for the account […]
§ 91-20-5. Applicability of chapter; jurisdiction
This chapter applies to a transfer that refers to this chapter in the designation under Section 91-20-19(1) by which the transfer is made if at the time of the transfer, the transferor, the minor or the custodian is a resident of this state or the custodial property is located in this state. The custodianship so […]
§ 91-20-7. Nomination of custodian
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 minor) under the […]
§ 91-20-9. Transfer by irrevocable gift or exercise of appointment power in favor of custodian
A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to Section 91-20-19.