A donor making a present transfer of property to a minor may designate and transfer the property to any adult person or financial institution, including the donor, as custodian for the minor under sections 404.005 to 404.094.
Mo. Rev. Stat. § 404.023
Custodians for present transfers of property, who may serve
Known as the Missouri Transfers to Minors Law
The act spans §§ 404–404 (89 sections).
Effective: 28 Aug 1989; (L. 1985 S.B. 35, et al. § 3 subsec. 1, A.L. 1989 H.B. 145)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.