A transfer of property under sections 404.005 to 404.094 may be made to only one minor and only one person may be custodian of the property transferred. A person may be a custodian of property for more than one minor, but the custodian shall separately hold and administer the custodial property for each minor.
Mo. Rev. Stat. § 404.021
Single custodianship — but custodian may serve more than one minor
Known as the Missouri Transfers to Minors Law
The act spans §§ 404–404 (89 sections).
Effective: 28 Aug 1985; (L. 1985 S.B. 35, et al. § 2 subsec. 5)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.