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 twenty-one (21) years of age with respect to custodial property transferred under § 9-26-204 or § 9-26-205, except that any transferor may have custodial property transferred to the minor at any time after the age of eighteen (18) years and before twenty-one (21) years by a designation in the following words or their equivalent: “The custodian shall transfer this property to (name of minor) when (he or she) reaches the age of (age, after eighteen (18) years and before twenty-one (21) years, at which transfer takes place)”;
(2) the minor's attainment of age eighteen (18) years with respect to custodial property transferred under § 9-26-206 or § 9-26-207; or
(3) the minor's death.
Structure Arkansas Code
Chapter 26 - Rights Respecting Business and Property
Subchapter 2 - Arkansas Uniform Transfers to Minors Act
§ 9-26-202. Scope and jurisdiction
§ 9-26-203. Nomination of custodian
§ 9-26-204. Transfer by gift or exercise of power of appointment
§ 9-26-205. Transfer authorized by will or trust
§ 9-26-206. Other transfer by fiduciary
§ 9-26-207. Transfer by obligor
§ 9-26-208. Receipt for custodial property
§ 9-26-210. Single custodianship
§ 9-26-211. Validity and effect of transfer
§ 9-26-212. Care of custodial property
§ 9-26-213. Powers of custodian
§ 9-26-214. Use of custodial property
§ 9-26-215. Custodian's expenses — Compensation — Bond
§ 9-26-216. Exemption of a third person from liability
§ 9-26-217. Liability to third persons
§ 9-26-219. Accounting by and determination of liability of custodian
§ 9-26-220. Termination of custodianship
§ 9-26-222. Effect on existing custodianships