(a) This chapter applies to a transfer or declaration creating a custodial trust that refers to this chapter if, at the time of the transfer or declaration, the transferor, beneficiary, or custodial trustee is a resident of or has its principal place of business in the District of Columbia or custodial trust property is located in the District of Columbia. The custodial trust remains subject to this chapter despite a later change in residence or principal place of business of the transferor, beneficiary, or custodial trustee, or removal of the custodial trust property from the District of Columbia.
(b) A transfer made pursuant to an act of another state substantially similar to this chapter is governed by the law of that state and may be enforced in the District of Columbia.
(July 23, 2002, D.C. Law 14-177, § 2(b), 49 DCR 5092.)
Structure District of Columbia Code
Title 19 - Descent, Distribution, and Trusts. [Enacted title]
Chapter 11 - Custodial Trusts; Uniform Law
§ 19–1102. Custodial trust; general
§ 19–1103. Custodial trustee for future payment or transfer
§ 19–1104. Form and effect of receipt and acceptance by custodial trustee; jurisdiction
§ 19–1105. Transfer to custodial trustee by fiduciary or obligor; facility of payment
§ 19–1106. Multiple beneficiaries; separate custodial trusts; survivorship
§ 19–1107. General duties of custodial trustee
§ 19–1108. General powers of custodial trustee
§ 19–1109. Use of custodial trust property
§ 19–1110. Determination of incapacity; effect
§ 19–1111. Exemption of third person from liability
§ 19–1112. Liability to third person
§ 19–1114. Expenses, compensation, and bond of custodial trustee
§ 19–1116. Limitations of action against custodial trustee
§ 19–1117. Distribution on termination