(a) A personal representative or trustee may make an irrevocable transfer pursuant to section 21-309 to a custodian for the benefit of a minor as authorized in the governing will or trust, subject to the authority of the court under section 20-1106.
(b) If the testator or the settlor has nominated a custodian under section 21-303 to receive the custodial property, the transfer must be made to that person.
(c) If the testator or the settlor has not nominated a custodian under section 21-303 or if all persons so nominated die before the transfer or are unable, decline, or are ineligible to serve, the personal representative or the trustee shall designate a custodian from among those eligible to serve as custodian for property of that kind under section 21-309(a).
(Mar. 12, 1986, D.C. Law 6-87, § 2(a), 33 DCR 278.)
Prior Codifications1981 Ed., § 21-305.
Section ReferencesThis section is referenced in § 21-307, § 21-309, and § 21-320.
Editor's NotesUniform Law: This section is based upon § 5 of the Uniform Transfers to Minors Act.