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 reaches 18 years of age, or if the transfer was made as provided in section 21-309(d), the minor reaches 21 years of age, with respect to custodial property transferred under section 21-304 or 21-305;
(2) The minor reaches 18 years of age with respect to custodial property transferred under section 21-306 or 21-307; or
(3) The minor’s death.
(Mar. 12, 1986, D.C. Law 6-87, § 2(a), 33 DCR 278; Feb. 5, 1994, D.C. Law 10-68, § 22, 40 DCR 6311; Apr. 9, 1997, D.C. Law 11-255, § 20(a), 44 DCR 1271; Mar. 24, 1998, D.C. Law 12-81, § 14(g), 45 DCR 745; Apr. 27, 2001, D.C. Law 13-292, § 602(b), 48 DCR 2087.)
1981 Ed., § 21-320.
This section is referenced in § 21-322.
D.C. Law 13-292, in par. (1), inserted “, or if the transfer was made as provided in section 21-309(d), the minor reaches 21 years of age,” following “18 years of age”.
Uniform Law: This section is based upon § 20 of the Uniform Transfers to Minors Act.
Structure District of Columbia Code
Title 21 - Fiduciary Relations and Persons with Mental Illness. [Enacted title]
Chapter 3 - Transfers to Minors; Uniform Law
§ 21–302. Scope and jurisdiction
§ 21–303. Nomination of custodian
§ 21–304. Transfer by gift or exercise of power of appointment
§ 21–305. Transfer authorized by will or trust
§ 21–306. Other transfers by fiduciary
§ 21–308. Receipt for custodial property
§ 21–310. Single custodianship
§ 21–311. Validity and effect of transfer
§ 21–312. Care of custodial property
§ 21–314. Use of custodial property
§ 21–315. Custodian’s expenses; compensation; bond
§ 21–316. Exemption of third person from liability
§ 21–317. Liability to third persons
§ 21–319. Accounting by and determination of liability of custodian
§ 21–320. Termination of custodianship
§ 21–322. Effect of existing custodianships