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§ 5320. Termination of custodianship

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and FiduciariesEffective: July 15, 2002

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries (Refs & Annos)
Chapter 53. Pennsylvania Uniform Transfers to Minors Act (Refs & Annos)
Effective: July 15, 2002
20 Pa.C.S.A. § 5320
§ 5320. Termination of custodianship
The custodian shall transfer in an appropriate manner the custodial property to the minor or the minor's estate upon the earlier of:
(1) the minor's attainment of 21 years of age with respect to custodial property transferred by gift under section 5304 (relating to transfer by gift or exercise of power of appointment);
(2) the minor's attainment of 21 years of age with respect to a custodian nominated under section 5303 (relating to nomination of custodian) or with respect to custodial property transferred by exercise of power of appointment under section 5304 or by will or trust under section 5305 (relating to transfer authorized by will or trust), unless the time of transfer of the custodial property to the minor is delayed under section 5321 (relating to delay in transfer of custodial property after minor attains age 21) to a time after the minor attains 21 years of age;
(3) the time specified in the transfer pursuant to section 5309 (relating to manner of creating custodial property and effecting transfer) if the time of transfer of the custodial property to the minor is delayed under section 5321 to a time after the time the minor attains 21 years of age;
(4) the minor's attainment of majority under the laws of this Commonwealth other than this chapter with respect to custodial property transferred under section 5306 (relating to other transfer by fiduciary) or 5307 (relating to transfer by obligor); or
(5) the minor's death.

Credits

1992, Dec. 16, P.L. 1163, No. 152, § 10, imd. effective. Amended 2002, May 16, P.L. 330, No. 50, § 7, effective in 60 days.
20 Pa.C.S.A. § 5320, PA ST 20 Pa.C.S.A. § 5320
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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