404.041. Additional property of minor transferred to custodian, when--guardian or conservator appointed by court may serve as custodian, when--custodian's rights in other property of minor.

MISSOURI STATUTES AND CODES

404.041. Additional property of minor transferred to custodian, when--guardian or conservator appointed by court may serve as custodian, when--custodian's rights in other property of minor.

Additional property of minor transferred to custodian, when--guardianor conservator appointed by court may serve as custodian,when--custodian's rights in other property of minor.

404.041. 1. When a custodianship has been established fora minor, the court may authorize the custodian to accept andreceive into the custodianship any additional property thatbelongs to the minor, with or without bond and with or withoutcourt supervision, upon such terms and conditions as the courtmay require.

2. If the court determines under chapter 475, RSMo, thatfull administration of a minor's estate is not required, thecourt may designate and direct that all or a part of theproperty owned by the minor be transferred to any adult personor financial institution, including a court-appointedconservator or guardian, to hold and administer under sections404.005 to 404.094 as custodian for the minor, with or withoutbond and with or without court supervision, upon such terms andconditions as the court may require.

3. A custodian has no right, because of designation ascustodian to possession, control, income or proceeds of anyproperty belonging to the minor that is not transferred to thecustodian by the minor, a donor or a person indebted to theminor, except as authorized by the court under subsection * 2 ofthis section.