Section 527.40 Termination of Custodianship - Minnesota Statutes

527.40 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 attainment of 21 years of age with respect to custodial property transferred under section 527.24 or 527.25;

(2) the minor's attainment of age 18 with respect to custodial property transferred under section 527.26 or 527.27; or

(3) the minor's death.

History:

1985 c 221 s 20