§ 33A-22 – Effect on existing custodianships.
33A-22. Effect on existing custodianships. (a) Any transfer of custodial property as now defined in this Chapter made before October 1, 1987, is validated notwithstanding that there was no specific authority in the Uniform Gifts to Minors Act of North Carolina for the coverage of custodial property of that kind or for a transfer from […]
§ 33A-23 – Uniformity of application and construction.
33A-23. Uniformity of application and construction. This Chapter shall be applied and construed to effect its general purpose to make uniform the law with respect to the subject of this Chapter among states enacting it. (1987, c. 563, s. 2.)
§ 33A-24 – Short title.
33A-24. Short title. This Chapter may be cited as the "North Carolina Uniform Transfers to Minors Act." (1987, c. 563, s. 2.)
§ 33A-20 – Termination of custodianship.
33A-20. Termination of custodianship. The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of: (1) The minor’s attainment of 21 years of age with respect to custodial property transferred under G.S. 33A-4 or G.S. 33A-5, except that any transferor may have custodial […]
§ 33A-21 – Applicability.
33A-21. Applicability. This Chapter applies to a transfer within the scope of G.S. 33A-2 made after October 1, 1987, if: (1) The transfer purports to have been made under the Uniform Gifts to Minors Act of North Carolina; or (2) The instrument by which the transfer purports to have been made uses in substance the […]
§ 33A-10 – Single custodianship.
33A-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 this Chapter by the same custodian for the benefit of the same minor constitutes a single custodianship. (1987, c. 563, s. 2.)
§ 33A-11 – Validity and effect of transfer.
33A-11. Validity and effect of transfer. (a) The validity of a transfer made in a manner prescribed in this Chapter is not affected by: (1) Failure of the transferor to comply with G.S. 33A-9(c) concerning control; (2) Designation of an ineligible custodian, except designation of the transferor in the case of property for which the […]
§ 33A-12 – Care of custodial property.
33A-12. Care of custodial property. (a) A custodian shall: (1) Take control of custodial property; (2) Register or record title to custodial property if appropriate; and (3) Collect, hold, manage, invest, and reinvest custodial property. (b) In dealing with custodial property, a custodian shall observe the standard of care that would be observed by a […]
§ 33A-13 – Powers of custodian.
33A-13. Powers of custodian. (a) 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 the capacity of a custodian only. (b) This section does not relieve a […]
§ 33A-14 – Use of custodial property.
33A-14. Use of custodial property. (a) 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 (i) the duty or ability of the custodian […]