Section 463-A:12 – Care of Custodial Property.
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 […]
Section 463-A:13 – Powers of Custodian.
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 […]
Section 463-A:1 – Definitions.
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 […]
Section 463-A:2 – Scope and Jurisdiction.
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 […]
Section 463-A:3 – Nomination of Custodian.
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: […]
Section 463-A:4 – Transfer by Gift or Exercise of Power of Appointment.
463-A:4 Transfer by Gift or Exercise of Power of Appointment. – 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 RSA 463-A:9. Source. 1985, 197:1, eff. July 30, 1985.