§ 5311. Validity and effect of transfer
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries
20 Pa.C.S.A. § 5311
§ 5311. Validity and effect of transfer
(b) Irrevocability of transfer.--A transfer made pursuant to section 5309 is irrevocable, and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties and authority provided in this chapter, and neither the minor nor the minor's legal representative has any right, power, duty or authority with respect to the custodial property except as provided in this chapter.
(c) Incorporation of provisions of this chapter.--By making a transfer, the transferor incorporates in the disposition all the provisions of this chapter and grants to the custodian and to any third person dealing with a person designated as custodian the respective powers, rights and immunities provided in this chapter.
Credits
1992, Dec. 16, P.L. 1163, No. 152, § 10, imd. effective.
20 Pa.C.S.A. § 5311, PA ST 20 Pa.C.S.A. § 5311
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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