§ 18-7-21. Termination of custodianship.
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’s attainment of twenty-one (21) years of age with respect to custodial property transferred under § 18-7-5 or 18-7-6;
(2) The minor’s attainment of eighteen (18) years of age with respect to custodial property transferred under § 18-7-7 or 18-7-8; or
(3) The minor’s death.
History of Section.P.L. 1985, ch. 389, § 2; P.L. 1998, ch. 474, § 1.
Structure Rhode Island General Laws
Chapter 18-7 - Uniform Transfers to Minors Act
Section 18-7-1. - Short title.
Section 18-7-2. - Definitions.
Section 18-7-3. - Scope and jurisdiction.
Section 18-7-4. - Nomination of custodian.
Section 18-7-5. - Transfer by gift or exercise of power of appointment.
Section 18-7-6. - Transfer authorized by will or trust.
Section 18-7-7. - Other transfer by fiduciary.
Section 18-7-8. - Transfer by obligor.
Section 18-7-9. - Receipt for custodial property.
Section 18-7-11. - Single custodianship.
Section 18-7-12. - Validity and effect of transfer.
Section 18-7-13. - Care of custodial property.
Section 18-7-14. - Powers of custodian.
Section 18-7-15. - Use of custodial property.
Section 18-7-16. - Custodian’s expenses, compensation, and bond.
Section 18-7-17. - Exemption of third person from liability.
Section 18-7-18. - Liability to third person.
Section 18-7-20. - Accounting by and determination of liability of custodian.
Section 18-7-21. - Termination of custodianship.
Section 18-7-22. - Applicability.
Section 18-7-23. - Effect on existing custodianships.
Section 18-7-24. - Uniformity of application and construction.