Code of Alabama
Chapter 5A - Uniform Transfers to Minors Act.
Section 35-5A-19 - Renunciation, Resignation, Death or Removal of Custodian; Designation of Successor Custodian.

(a) A person nominated under section 35-5A-4 or designated under section 35-5A-10 as custodian may decline to serve by delivering a valid disclaimer to the person who made the nomination or to the transferor or the transferor's legal representative or by effecting a valid disclaimer in the manner that interests in property may be disclaimed under the Alabama Uniform Disclaimer of Property Interests Act. If the event giving rise to a transfer has not occurred and no substitute custodian able, willing, and eligible to serve was nominated under section 35-5A-4, the person who made the nomination may nominate a substitute custodian under section 35-5A-4; otherwise the transferor or the transferor's legal representative shall designate a substitute custodian at the time of the transfer, in either case from among the persons eligible to serve as custodian for that kind of property under section 35-5A-10(a). The custodian so designated has the rights of a successor custodian.
(b) A custodian at any time may designate a trust company or an adult other than a transferor under section 35-5A-5 as successor custodian by executing and dating an instrument of designation before a subscribing witness other than the successor. If the instrument of designation does not contain or is not accompanied by the resignation of the custodian, the designation of the successor does not take effect until the custodian resigns, dies, becomes incapacitated, or is removed.
(c) A custodian may resign at any time by delivering written notice to the minor if the minor has attained the age of 14 years and to the successor custodian and by delivering the custodial property to the successor custodian.
(d) If a custodian is ineligible, dies, or becomes incapacitated without having effectively designated a successor and the minor has attained the age of 14 years, the minor may designate as successor custodian, in the manner prescribed in subsection (b), an adult member of the minor's family, a conservator of the minor, or a trust company. If the minor has not acted, the transferor, the legal representative of the transferor or of the custodian, an adult member of the minor's family, or any other interested person may petition the court to designate a successor custodian.
(e) A custodian who declines to serve under subsection (a) or resigns under subsection (c), or the legal representative of a deceased or incapacitated custodian, as soon as practicable, shall put the custodial property and records in the possession and control of the successor custodian. The successor custodian by action may enforce the obligation to deliver custodial property and records and becomes responsible for each item as received.
(f) A transferor, the legal representative of a transferor, an adult member of the minor's family, a guardian of the person of the minor, the conservator of the minor, or the minor if the minor has attained the age of 14 years may petition the court to remove the custodian for cause and to designate a successor custodian other than a transferor under section 35-5A-5 or to require the custodian to give appropriate bond.

Structure Code of Alabama

Code of Alabama

Title 35 - Property.

Chapter 5A - Uniform Transfers to Minors Act.

Section 35-5A-1 - Short Title.

Section 35-5A-2 - Definitions.

Section 35-5A-3 - Transfers and Custodians to Which Chapter Applicable; Personal Jurisdiction Over Custodian; Transfers Made Under Law of Another State.

Section 35-5A-4 - Nomination of Custodian.

Section 35-5A-5 - Transfer by Gift or Exercise of Power of Appointment.

Section 35-5A-6 - Transfer by Will or Trust.

Section 35-5A-7 - Other Transfer by Fiduciary.

Section 35-5A-8 - Transfer by Obligor.

Section 35-5A-9 - Receipt and Discharge for Transfer of Custodial Property.

Section 35-5A-10 - Manner of Creating Custodial Property and Effecting Transfer; Form of Transfer; Control of Custodial Property.

Section 35-5A-11 - Transfer to Be for One Minor; Only One Custodian; Single Custodianship.

Section 35-5A-12 - Validity of Transfer; Interest Conveyed; Rights of Custodian and Minor as to Property Transferred; Provisions of Chapter Incorporated in Transfer; Transfer Does Not Authorize Settlement or Release of Claims.

Section 35-5A-13 - Powers and Duties of Custodian as to Custodial Property Generally.

Section 35-5A-14 - Custodian Has Rights and Powers That Unmarried Adult Would Have as to Property.

Section 35-5A-15 - Delivery, Payment, or Expenditure of Custodial Property for Benefit of Minor.

Section 35-5A-16 - Custodian's Expenses, Compensation, and Bond.

Section 35-5A-17 - Exemption of Third Person From Liability for Good Faith Dealings With Custodian.

Section 35-5A-18 - Claims Against Custodial Property; Personal Liability of Custodian and Minor.

Section 35-5A-19 - Renunciation, Resignation, Death or Removal of Custodian; Designation of Successor Custodian.

Section 35-5A-20 - Accounting by and Determining of Liability of Custodian.

Section 35-5A-21 - Termination of Custodianship Upon Minor's Reaching Age 21 or Age of Majority or Upon Minor's Death.

Section 35-5A-22 - Applicability of Chapter.

Section 35-5A-23 - Transfers Made Before and Custodianships Existing on October 1, 1986; Property Held in Custodianship Which Terminated Between July 22, 1975, and October 1, 1986, When Minor Attained Age 19.

Section 35-5A-24 - Uniformity of Application and Construction.