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§ 5314. Use of custodial property

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries

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)
20 Pa.C.S.A. § 5314
§ 5314. Use of custodial property
Currentness
(a) Without court order.--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:
(1) the duty or ability of the custodian personally or of any other person to support the minor; or
(2) any other income or property of the minor which may be applicable or available for that purpose.
(b) With court order.--On petition of an interested person or the minor if the minor has attained 14 years of age, the court may order the custodian to deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the court considers advisable for the use and benefit of the minor.
(c) Obligation of support not affected.--A delivery, payment or expenditure under this section is in addition to, not in substitution for, and does not affect any obligation of a person to support the minor.

Credits

1992, Dec. 16, P.L. 1163, No. 152, § 10, imd. effective.
20 Pa.C.S.A. § 5314, PA ST 20 Pa.C.S.A. § 5314
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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