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.
86 Acts, ch 1035, §10
Single custodianship
Known as the Iowa Uniform Transfers to Minors Act
The act spans §§ 565–565 (25 sections).
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.
86 Acts, ch 1035, §10
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.