Section 121 – Termination of custodianship.

75-5a-121. 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 becoming 21 years of age with respect to custodial property transferred under Section 75-5a-105 or 75-5a-106;

• (2) the minor’s attainment of majority under the laws of this state with respect to the custodial property transferred under Section 75-5a-107 or 75-5a-108; or

• (3) the minor’s death.

Enacted by Chapter 272, 1990 General Session