565B.5 Transfer authorized by will or trust. 1. A personal representative or trustee may make an irrevocable transfer pursuant to section 565B.9 to a custodian for the benefit of a minor as authorized in the governing will or trust. 2. If the testator or settlor has nominated a custodian under section 565B.3 to receive the […]
565B.6 Other transfers by fiduciary. 1. Subject to subsection 3, 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 565B.9, in the absence of a will or under a will or trust that does not contain an […]
565B.7 Transfer by obligor. 1. Subject to subsections 2 and 3, a person not subject to section 565B.5 or 565B.6 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 section 565B.9. 2. […]
565B.8 Receipt for custodial property. A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this chapter. 86 Acts, ch 1035, §8
565B.9 Manner of creating custodial property and effecting transfer — designation of initial custodian — control. 1. Custodial property is created and a transfer is made whenever: a. An uncertificated security or a certificated security in registered form is either: (1) Registered in the name of the transferor, an adult other than the transferor, or […]
