§ 91-20-35. Assertion of claim against custodial property; personal liability of custodian or minor
A claim based on (a) a contract entered into by a custodian acting in a custodial capacity, (b) an obligation arising from the ownership or control of custodial property, or (c) a tort committed during the custodianship, may be asserted against the custodial property by proceeding against the custodian in the custodial capacity, whether or […]
§ 91-20-37. Declination to serve or resignation as custodian; nomination of substitute custodian; designation of successor custodian; transfer of property
A person nominated under Section 91-20-7 or designated under Section 91-20-19 as custodian may decline to serve by delivering a valid disclaimer to the person who made the nomination or to the transferor or the transferor’s legal representative. If the event giving rise to a transfer has not occurred and no substitute custodian able, willing […]
§ 91-20-39. Petition for accounting or determination of responsibility for claims; accounting upon removal of custodian
A minor who has attained the age of fourteen (14) years, the minor’s guardian of the person or legal representative, an adult member of the minor’s family, a transferor or a transferor’s legal representative may petition the court (a) for an accounting by the custodian or the custodian’s legal representative, or (b) for a determination […]
§ 91-20-41. Time for transfer of custodial property to minor or minor’s estate
The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of: The minor’s attainment of twenty-one (21) years of age with respect to custodial property transferred under Section 91-20-9 or 91-20-11; The minor’s attainment of eighteen (18) years of age with respect to […]
§ 91-20-43. Applicability of chapter to certain transfers
This chapter applies to a transfer within the scope of Section 91-20-5 made after its effective date if: The transfer purports to have been made under the Mississippi Uniform Gifts to Minors Law, Sections 91-19-1 through 91-19-19; or The instrument by which the transfer purports to have been made uses in substance the designation “as […]
§ 91-20-45. Validation of transfers predating chapter; application of chapter to prior transfers
Any transfer of custodial property as now defined in this chapter made before January 1, 1995, is validated notwithstanding that there was no specific authority in the Mississippi Uniform Gifts to Minors Act for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was […]
§ 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 […]