463-A:1 Definitions. – In this chapter: I. "Adult" means an individual who has attained the age of 21 years. II. "Benefit plan" means an employer’s plan for the benefit of an employee or partner. III. "Broker" means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person’s […]
463-A:10 Single Custodianship. – A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under the provisions of this chapter by the same custodian for the benefit of the same minor constitutes a single custodianship. Source. 1985, 197:1, eff. July 30, 1985.
463-A:11 Validity and Effect of Transfer. – I. The validity of a transfer made in a manner prescribed by the provisions of this chapter shall not be affected by: (a) Failure of the transferor to comply with RSA 463-A:9, III, concerning the possession and control; (b) Designation of an ineligible custodian, except designation of […]
463-A:12 Care of Custodial Property. – I. A custodian shall: (a) Take control of custodial property; (b) Register or record title to custodial property if appropriate; and (c) Collect, hold, manage, invest, and reinvest custodial property. II. In dealing with custodial property, a custodian shall observe the standard of care that would be observed […]
463-A:13 Powers of Custodian. – I. A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only. II. This section does not relieve a custodian […]
463-A:14 Use of Custodial Property. – I. A custodian may deliver or pay to the minor or expend for the minor’s benefit so much of the custodial property as the custodian considers advisable for the use and benefit of the minor, without court order and without regard to: (a) The duty or ability of […]
463-A:15 Custodian’s Expenses, Compensation, and Bond. – I. A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties. II. Except for one who is a transferor under RSA 463-A:4, a custodian has a non-cumulative election during each calendar year to charge reasonable compensation for […]
463-A:16 Exemption of Third Person From Liability. – A third person in good faith and without court order may act on the instructions of or otherwise deal with any person purporting to make a transfer or purporting to act in the capacity of a custodian and, in the absence of knowledge, is not responsible […]
463-A:17 Liability to Third Persons. – I. A claim based on a contract entered into by a custodian acting in a custodial capacity, an obligation arising from the ownership or control of custodial property, or a tort committed during the custodianship, may be asserted against the custodial property by proceeding against the custodian in […]
463-A:18 Renunciation, Resignation, Death, or Removal of Custodian; Designation of Successor Custodian. – I. If the event giving rise to a transfer has not occurred and no substitute custodian able, willing, and eligible to serve was nominated under RSA 463-A:3, the person who made the nomination may nominate a substitute custodian under RSA 463-A:3, […]
463-A:19 Accounting by and Determination of Liability of Custodian. – I. A minor who has attained the age of 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 for an accounting by the custodian […]
463-A:2 Scope and Jurisdiction. – I. This chapter applies to a transfer that refers to this chapter in the designation under RSA 463-A:9, I, 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 […]
463-A:20 Termination of Custodianship. – I. The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of: (a) The minor’s attainment of 21 years of age with respect to custodial property transferred under RSA 463-A:4 or 463-A:5; (b) The minor’s attainment of […]
463-A:21 Applicability. – This chapter applies to a transfer within the scope of RSA 463-A:2 made after July 30, 1985 if: I. The transfer purports to have been made under the New Hampshire Uniform Gifts to Minors Law; or II. The instrument by which the transfer purports to have been made uses in substance […]
463-A:22 Construction. – Notwithstanding the provisions of RSA 21:44 and RSA 21-B, in construing this chapter, the provisions of RSA 463-A:1 relative to the definition of "adult" and "minor" shall apply. Source. 1985, 197:1, eff. July 30, 1985.
463-A:23 Effect on Existing Custodianships. – I. Any transfer of custodial property as now defined in this chapter made before July 30, 1985 is validated notwithstanding that there was no specific authority in the New Hampshire Uniform Gifts to Minors Law for the coverage of custodial property of that kind or for a transfer […]
463-A:24 Uniformity of Application and Construction. – 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. Source. 1985, 197:1, eff. July 30, 1985.
463-A:25 Short Title. – This chapter may be cited as the "New Hampshire Uniform Transfers to Minors Act." Source. 1985, 197:1, eff. July 30, 1985.
463-A:26 Severability. – 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. Source. […]
463-A:3 Nomination of Custodian. – I. 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: […]
