§ 3229. Accounting by and determination of liability of custodian
§ 3229. Accounting by and determination of liability of custodian (a) A minor who has attained 14 years of age, the minor’s financial guardian or legal representative, a guardian of the minor appointed pursuant to section 2628 or 2664 of this title, an adult member of the minor’s family, a transferor, or a transferor’s legal […]
§ 3230. Termination of custodianship
§ 3230. 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 earliest of: (1) the minor’s attainment of 21 years of age with respect to custodial property transferred under section 3214 or 3215 of this title; (2) the minor’s attainment […]
§ 3231. Applicability
§ 3231. Applicability This chapter applies to a transfer within the scope of section 3212 of this title made after its effective date if: (1) the transfer purports to have been made under the Vermont Uniform Gifts to Minors Act; or (2) the instrument by which the transfer purports to have been made uses in […]
§ 3232. Effect on existing custodianships
§ 3232. Effect on existing custodianships (a) Any transfer of custodial property as now defined in this chapter made before July 1, 2015 is validated, notwithstanding that there was no specific authority in the Vermont Uniform Gifts to Minors Act for the coverage of custodial property of that kind or for a transfer from that […]
§ 3233. Uniformity of application and construction
§ 3233. 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. (Added 2015, No. 7, § 1.)
§ 3234. Severability
§ 3234. 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. (Added 2015, […]
§ 3225. Custodian’s expenses, compensation, and bond
§ 3225. Custodian’s expenses, compensation, and bond (a) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties. (b) Except for one who is a transferor under section 3214 of this title, a custodian has a noncumulative election during each calendar year to charge reasonable […]
§ 3226. Exemption of third person from liability
§ 3226. 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 for […]
§ 3227. Liability to third persons
§ 3227. Liability to third persons (a) A claim based on any of the following may be asserted against the custodial property by proceeding against the custodian in the custodial capacity, whether or not the custodian or the minor is personally liable therefor: (1) a contract entered into by a custodian acting in a custodial […]
§ 3228. Renunciation, resignation, death, or removal of custodian; designation of successor custodian
§ 3228. Renunciation, resignation, death, or removal of custodian; designation of successor custodian (a) A person nominated under section 3213 of this title or designated under section 3219 of this title as custodian may decline to serve by delivering a valid disclaimer to the person who made the nomination or to the transferor or the […]