A donor making a present transfer of property to a beneficiary may designate and transfer the property to any adult person or financial institution, including the donor, as personal custodian for the beneficiary under sections 404.400 to 404.650.
Mo. Rev. Stat. § 404.470
Custodian designation by donor on present transfer, who may serve
Known as the Missouri Transfers to Minors Law
The act spans §§ 404–404 (89 sections).
Effective: 28 Aug 1986; (L. 1986 S.B. 651 § 4 subsec. 1)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.