(a) Application of chapter.--This chapter applies to a transfer that refers to this chapter in the designation under section 5309(a) (relating to manner of creating custodial property and effecting transfer) 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 Commonwealth or the custodial property is located in this Commonwealth. The custodianship created remains subject to this chapter despite a subsequent change in residence of a transferor, the minor or the custodian or the removal of custodial property from this Commonwealth.
(b) Jurisdiction over custodian.--A person designated as custodian under this chapter is subject to personal jurisdiction in this Commonwealth with respect to any matter relating to the custodianship.
(c) Laws of other states.--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 Commonwealth 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.
1992 Amendment. See section 26(a) of Act 152 of 1992 in the appendix to this title for special provisions relating to applicability.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 53 - Pennsylvania Uniform Transfers to Minors Act
Section 5301 - Short title of chapter and definitions
Section 5302 - Scope and jurisdiction
Section 5303 - Nomination of custodian
Section 5304 - Transfer by gift or exercise of power of appointment
Section 5305 - Transfer authorized by will or trust
Section 5306 - Other transfer by fiduciary
Section 5307 - Transfer by obligor
Section 5308 - Receipt for custodial property
Section 5309 - Manner of creating custodial property and effecting transfer
Section 5310 - Single custodianship
Section 5311 - Validity and effect of transfer
Section 5312 - Care of custodial property
Section 5313 - Powers of custodian
Section 5314 - Use of custodial property
Section 5315 - Expenses, compensation and bond of custodian
Section 5316 - Exemption of third person from liability
Section 5317 - Liability to third persons
Section 5318 - Renunciation, resignation, death or removal of custodian
Section 5319 - Accounting by and determination of liability of custodian.
Section 5320 - Termination of custodianship
Section 5321 - Delay in transfer of custodial property after minor attains age 21