Connecticut General Statutes
Chapter 802d - Connecticut Uniform Transfers to Minors Act
Section 45a-558. - Nomination of custodian.

(a) A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to receive the property for a minor beneficiary upon the occurrence of the event by naming the custodian followed in substance by the words: “as custodian for .... (name of minor) under the Connecticut Uniform Transfers to Minors Act”. The nomination may name one or more persons as substitute custodians to whom the property shall be transferred, in the order named, if the first nominated custodian dies before the transfer or is unable, declines or is ineligible to serve. The nomination may be made in a will, a trust, a deed, an instrument exercising a power of appointment or in a writing designating a beneficiary of contractual rights which is registered with or delivered to the payor, issuer or other obligor of the contractual rights.

(b) A custodian nominated under this section shall be a person to whom a transfer of property of that kind may be made under subsection (a) of section 45a-558f.
(c) The nomination of a custodian under this section does not create custodial property until the nominating instrument becomes irrevocable or a transfer to the nominated custodian is completed under section 45a-558f. Unless the nomination of a custodian has been revoked, upon the occurrence of the future event the custodianship becomes effective and the custodian shall enforce a transfer of the custodial property pursuant to section 45a-558f.
(P.A. 95-117, S. 4.)

Structure Connecticut General Statutes

Connecticut General Statutes

Title 45a - Probate Courts and Procedure

Chapter 802d - Connecticut Uniform Transfers to Minors Act

Section 45a-546 to 45a-556. (Formerly Secs. 45-101 to 45-109b). - Definitions. Methods of making gifts. Gift, devise or bequest to be irrevocable. Rights and powers granted custodian, issuers, transfer agents, brokers. Powers and duties of custodian....

Section 45a-557. - Short title: Connecticut Uniform Transfers to Minors Act.

Section 45a-557a. - Definitions.

Section 45a-557b. - Scope and jurisdiction.

Section 45a-558. - Nomination of custodian.

Section 45a-558a. - Transfer by gift or exercise of power.

Section 45a-558b. - Transfer authorized by will or trust.

Section 45a-558c. - Other transfer by fiduciary.

Section 45a-558d. - Transfer by obligor.

Section 45a-558e. - Receipt for custodial property.

Section 45a-558f. - Creation and transfer of custodial property. Designation of initial custodian. Control.

Section 45a-558g. - Single guardianship.

Section 45a-558h. - Validity and effect of transfer.

Section 45a-558i. - Care and control of custodial property.

Section 45a-558j. - Powers of custodian.

Section 45a-558k. - Use of custodial property. Distribution to a trust.

Section 45a-559. - Custodian's expenses, compensation and bond.

Section 45a-559a. - Exemption of third party from liability.

Section 45a-559b. - Liability to third persons.

Section 45a-559c. - Renunciation, resignation, death or removal of custodian. Designation of successor custodian.

Section 45a-559d. - Accounting by and determination of liability of custodian.

Section 45a-559e. - Termination of custodianship.

Section 45a-560. - Applicability.

Section 45a-560a. - Effect on existing custodianships.

Section 45a-560b. - Uniformity of application and construction.