Texas Statutes
Chapter 141 - Transfers to Minors
Section 141.003. Scope and Jurisdiction

Sec. 141.003. SCOPE AND JURISDICTION. (a) This chapter applies to a transfer that refers to the Texas Uniform Transfers to Minors Act in the designation under Section 141.010(a) 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 created under Section 141.010 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 state.
(b) A person designated as custodian under this chapter is subject to personal jurisdiction in this state with respect to any matter relating to the custodianship.
(c) A transfer that purports to be made and that 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.
Amended by Acts 1995, 74th Leg., ch. 1043, Sec. 1, eff. Sept. 1, 1995. Renumbered from Property Code Sec. 3 by Acts 1997, 75th Leg., ch. 165, Sec. 31.01(72), eff. Sept. 1, 1997.

Structure Texas Statutes

Texas Statutes

Property Code

Title 10 - Miscellaneous Beneficial Property Interests

Subtitle A - Persons Under Disability

Chapter 141 - Transfers to Minors

Section 141.001. Short Title

Section 141.002. Definitions

Section 141.003. Scope and Jurisdiction

Section 141.004. Nomination of Custodian

Section 141.005. Transfer by Gift or Exercise of Power of Appointment

Section 141.006. Transfer Authorized by Will or Trust

Section 141.007. Other Transfer by Fiduciary

Section 141.008. Transfer by Obligor

Section 141.009. Receipt for Custodial Property

Section 141.010. Manner of Creating Custodial Property and Effecting Transfer; Designation of Initial Custodian; Control

Section 141.011. Single Custodianship

Section 141.012. Validity and Effect of Transfer

Section 141.013. Care of Custodial Property

Section 141.014. Powers of Custodian

Section 141.015. Use of Custodial Property

Section 141.016. Custodian's Expenses, Compensation, and Bond

Section 141.017. Exemption of Third Person From Liability

Section 141.018. Liability to Third Person

Section 141.019. Renunciation, Resignation, Death, or Removal of Custodian; Designation of Successor Custodian

Section 141.020. Accounting by and Determination of Liability

Section 141.021. Termination of Custodianship

Section 141.022. Applicability

Section 141.023. Effect on Existing Custodianships

Section 141.024. Uniformity of Application and Construction

Section 141.025. Additional Transfers to Custodianships in Existence Before Effective Date of Act