PART 9. CALIFORNIA UNIFORM TRANSFERS TO MINORS ACT [3900. - 3925.]
Part 9 enacted by Stats. 1990, Ch. 79.
§§ 3900–3925 · 26 sections
- § 3900 This part may be cited as the “California Uniform Transfers to Minors Act.”
- § 3901 In this part: (a) “Adult” means an individual who has attained the age of 18 years. (b) “Benefit plan” means an employer’s plan for the benefit of an employee…
- § 3902 (a) This part applies to a transfer that refers to this part in the designation under subdivision (a) of Section 3909 by which the transfer is made if at the…
- § 3903 (a) A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to…
- § 3904 A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor…
- § 3905 (a) A personal representative or trustee may make an irrevocable transfer pursuant to Section 3909 to a custodian for the benefit of a minor as authorized in…
- § 3906 (a) Subject to subdivision (c), a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the…
- § 3907 (a) Subject to subdivisions (b) and (c), a person not subject to Section 3905 or 3906 who holds property of, or owes a liquidated debt to, a minor not having a…
- § 3908 A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant…
- § 3909 (a) Custodial property is created and a transfer is made whenever any of the following occurs: (1) An uncertificated security or a certificated security in…
- § 3910 A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this part by the same custodian for the…
- § 3911 (a) The validity of a transfer made in a manner prescribed in this part is not affected by any of the following: (1) Failure of the transferor to comply with…
- § 3912 (a) A custodian shall do all of the following: (1) Take control of custodial property. (2) Register or record title to custodial property if appropriate. (3)…
- § 3913 (a) A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their…
- § 3914 (a) A custodian may deliver or pay to the minor or expend for the minor’s benefit as much of the custodial property as the custodian considers advisable for…
- § 3915 (a) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties. (b) Except…
- § 3916 A third person in good faith and without court order may act on the instructions of, or otherwise deal with, any person purporting to make a transfer or…
- § 3917 (a) A claim based on (1) a contract entered into by a custodian acting in a custodial capacity, (2) an obligation arising from the ownership or control of…
- § 3918 (a) A person nominated under Section 3903 or designated under Section 3909 as custodian may decline to serve by delivering a valid disclaimer under Part 8…
- § 3919 (a) A minor who has attained the age of 14 years, the minor’s guardian of the person or legal representative, an adult member of the minor’s family, a…
- § 3920 The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of the following: (a) The…
- § 3920.5 (a) Subject to the requirements and limitations of this section, the time for transfer to the minor of custodial property transferred under or pursuant to…
- § 3921 Subject to the power of the court to transfer actions and proceedings as provided in the Code of Civil Procedure, a petition filed under this part shall be…
- § 3922 This part applies to a transfer within the scope of Section 3902 made on or after January 1, 1985, if either of the following requirements is satisfied: (a)…
- § 3923 (a) As used in this section, “California Uniform Gifts to Minors Act” means former Article 4 (commencing with Section 1154) of Chapter 3 of Title 4 of Part 4…
- § 3925 This part shall not be construed as providing an exclusive method for making gifts or other transfers to minors.