§36-7-14. 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 personally or of any other […]
§36-7-15. 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 four of this article, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year. […]
§36-7-7. Transfer by Obligor
(a) Subject to subsections (b) and (c) of this section, a person not subject to section five or six of this article 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 to section […]
§36-7-8. 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 article.
§36-7-9. Manner of Creating Custodial Property and Effecting Transfer; Designation of Initial Custodian; Control
(a) Custodial property is created and a transfer is made whenever: (1) An uncertificated security or a certificated security in registered form is either:
§36-7-10. 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 article by the same custodian for the benefit of the same minor constitutes a single custodianship.
§36-7-11. Validity and Effect of Transfer
(a) The validity of a transfer made in a manner prescribed in this article is not affected by: (1) Failure of the transferor to comply with subsection (c), section nine concerning possession and control;
§36-7-12. Care of Custodial Property
(a) A custodian shall: (1) Take control of custodial property;
§36-7-4. 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 section nine of this article.
§36-7-5. Transfer Authorized by Will or Trust
(a) A personal representative or trustee may make an irrevocable transfer pursuant to section nine of this article to a custodian for the benefit of a minor as authorized in the governing will or trust. (b) If the testator or settlor has nominated a custodian under section three of this article to receive the custodial […]