Section 18-7-18. – Liability to third person.
§ 18-7-18. Liability to third person. (a) A claim based on: (1) a contract entered into by a custodian acting in a custodial capacity, (2) an obligation arising from the ownership or control of custodial property, or (3) a tort committed during the custodianship, may be asserted against the custodial property by proceeding against the […]
Section 18-7-19. – Renunciation, resignation, death, or removal of custodian — Designation of successor custodian.
§ 18-7-19. Renunciation, resignation, death, or removal of custodian — Designation of successor custodian. (a) A person nominated under § 18-7-4 or designated under § 18-7-10 as custodian may decline to serve by delivering a disclaimer to the person who made the nomination or to the transferor or the transferor’s legal representative. If the event […]
Section 18-7-20. – Accounting by and determination of liability of custodian.
§ 18-7-20. Accounting by and determination of liability of custodian. (a) A minor who has attained the age of fourteen (14) years, the minor’s guardian or legal representative, an adult member of the minor’s family, a transferor, or a transferor’s legal representative may petition the court: (1) For an accounting by the custodian or the […]
Section 18-7-21. – Termination of custodianship.
§ 18-7-21. 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 twenty-one (21) years of age with respect to custodial property transferred under § 18-7-5 or 18-7-6; (2) The minor’s attainment of eighteen […]
Section 18-7-22. – Applicability.
§ 18-7-22. Applicability. This chapter applies to a transfer within the scope of § 18-7-3 made after June 28, 1985, if the instrument by which the transfer purports to have been made uses in substance the designation “as custodian under the Uniform Gifts to Minors Act” or “as custodian under the Uniform Transfers to Minors […]
Section 18-7-7. – Other transfer by fiduciary.
§ 18-7-7. Other transfer by fiduciary. (a) Subject to subsection (c) of this section, 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 § 18-7-10, in the absence of a will or under a will or trust that […]
Section 18-7-23. – Effect on existing custodianships.
§ 18-7-23. Effect on existing custodianships. (a) Any transfer of “custodial property” as now defined in this chapter made before June 28, 1985, is validated, notwithstanding that there was no specific authority in the Uniform Gifts to Minors Act of Rhode Island for the coverage of custodial property of that kind or for a transfer […]
Section 18-7-8. – Transfer by obligor.
§ 18-7-8. Transfer by obligor. (a) Subject to subsections (b) and (c) of this section, a person not subject to § 18-7-6 or 18-7-7, 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 […]
Section 18-7-24. – Uniformity of application and construction.
§ 18-7-24. 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. History of Section.P.L. 1985, ch. 389, § 2.
Section 18-7-9. – Receipt for custodial property.
§ 18-7-9. 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. History of Section.P.L. 1985, ch. 389, § 2.