A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this chapter by the same custodian for the benefit of the same minor constitutes a single custodianship.
Ala. Code § 35-5A-11
Transfer to Be for One Minor; Only One Custodian; Single Custodianship.
Known as the Alabama Uniform Transfers to Minors Act
The act spans §§ 35–35 (24 sections).
(Acts 1986, No. 86-453, p. 819, §10.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.