§ 33A-5. Transfer authorized by will or trust. - North Carolina Statutes

§33A‑5.  Transfer authorized by will or trust.

(a)        A personalrepresentative or trustee may make an irrevocable transfer pursuant to G.S. 33A‑9to a custodian for the benefit of a minor as authorized in the governing willor trust.

(b)        If the testator or settlorhas nominated a custodian under G.S. 33A‑3 to receive the custodialproperty, the transfer must be made to that person.

(c)        If the testator orsettlor has not nominated a custodian under G.S. 33A‑3, or all persons sonominated as custodian die before the transfer or are unable, decline, or areineligible to serve the personal representative or the trustee, as the case maybe, shall designate the custodian from among those eligible to serve ascustodian for property of that kind under G.S. 33A‑9(a). (1987,c. 563, s. 2.)