§ 21-305. Transfer authorized by will or trust.

Current through October 23, 2012

(a) A personal representative or trustee may make an irrevocable transfer pursuant to section 21-309 to a custodian for the benefit of a minor as authorized in the governing will or trust, subject to the authority of the court under section 20-1106.

(b) If the testator or the settlor has nominated a custodian under section 21-303 to receive the custodial property, the transfer must be made to that person.

(c) If the testator or the settlor has not nominated a custodian under section 21-303 or if all persons so nominated die before the transfer or are unable, decline, or are ineligible to serve, the personal representative or the trustee shall designate a custodian from among those eligible to serve as custodian for property of that kind under section 21-309(a).

                
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(Mar. 12, 1986, D.C. Law 6-87, § 2(a), 33 DCR 278.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 21-305.

Legislative History of Laws

For legislative history of D.C. Law 6-87, see Historical and Statutory Notes following § 21-301.

Uniform Law

This section is based upon § 5 of the Uniform Transfers to Minors Act. See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.