(1) This act applies to a transfer that refers to this act in the designation under s. 710.111(1) by which the transfer is made if at the time of the transfer, the transferor, the minor, or the custodian is a resident of this state or the custodial property is located in this state. The custodianship so created remains subject to this act despite a subsequent change in residence of a transferor, the minor, or the custodian, or the removal of custodial property from this state.
(2) A person designated as custodian under this act is subject to personal jurisdiction in this state with respect to any matter relating to the custodianship.
(3) A transfer that purports to be made and which is valid under the Uniform Transfers to Minors Act, the Uniform Gifts to Minors Act, or a substantially similar act, of another state is governed by the law of the designated state and may be executed and is enforceable in this state if, at the time of the transfer, the transferor, the minor, or the custodian is a resident of the designated state or the custodial property is located in the designated state.
History.—s. 1, ch. 85-95.
Structure Florida Statutes
Title XL - Real and Personal Property
Chapter 710 - Transfers to Minors
710.103 - Scope and Jurisdiction.
710.104 - Nomination of Custodian.
710.105 - Transfer by Gift or Exercise of Power of Appointment.
710.106 - Transfer Authorized by Will or Trust.
710.107 - Other Transfer by Fiduciary.
710.108 - Transfer by Obligor.
710.109 - Receipt for Custodial Property.
710.112 - Single Custodianship.
710.113 - Validity and Effect of Transfer.
710.114 - Care of Custodial Property.
710.115 - Powers of Custodian.
710.116 - Use of Custodial Property.
710.117 - Custodian’s Expenses, Compensation, and Bond.
710.118 - Exemption of Third Person From Liability.
710.119 - Liability to Third Persons.
710.122 - Accounting by and Determination of Liability of Custodian.
710.123 - Termination of Custodianship.