Notwithstanding the foregoing sections of this part, if with respect
to any gift made pursuant to 7-6.9, the designations of the custodian
contains, in substance, the phrase, "until age eighteen", then all
records of the custodian with respect to such gift shall contain such
phrase, and the gift shall be administered under this part as if the
word "eighteen" were substituted for the word "twenty-one" wherever such
word appears in paragraphs (a) and (k) of section 7-6.1 and in section
7-6.20.
Structure New York Laws
EPT - Estates, Powers and Trusts
Part 6 - Uniform Transfers to Minors Act
7-6.2 - Scope and Jurisdiction
7-6.3 - Nomination of Custodian
7-6.4 - Transfer by Gift or Exercise of Power of Appointment
7-6.5 - Transfer Authorized by Will or Trust
7-6.6 - Other Transfer by Fiduciary
7-6.8 - Receipt for Custodial Property
7-6.11 - Validity and Effect of Transfer
7-6.12 - Care of Custodial Property
7-6.14 - Use of Custodial Property
7-6.15 - Custodian's Expenses, Compensation, and Bond
7-6.16 - Exemption of Third Person From Liability
7-6.17 - Liability to Third Persons
7-6.19 - Accounting by and Determination of Liability of Custodian
7-6.20 - Termination of Custodianship
7-6.21 - Age Eighteen Election
7-6.22 - Effect on Existing Custodianships