N.C. Gen. Stat. § 33A-20
Termination of custodianship
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of:
The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of:
(1) The minor’s attainment of 21 years of age with respect to custodial property transferred under G.S. 33A-4 or G.S. 33A-5, except that any transferor may have custodial property transferred to the minor at any time after the age of 18 and before the age of 21 by a designation in the following words or their equivalent: “The custodian shall transfer this property to ____________ (name of minor) when he reaches the age of ____ (age after 18 and before 21).”;
(1) The minor’s attainment of 21 years of age with respect to custodial property transferred under G.S. 33A-4 or G.S. 33A-5, except that any transferor may have custodial property transferred to the minor at any time after the age of 18 and before the age of 21 by a designation in the following words or their equivalent: “The custodian shall transfer this property to _______________ (name of minor) when he reaches the age of _______________ (age after 18 and before 21).”;
(2) The minor's attainment of age 18 with respect to custodial property transferred under G.S. 33A-6 or G.S. 33A-7; or
(2) The minor’s attainment of age 18 with respect to custodial property transferred under G.S. 33A-6 or G.S. 33A-7; or
(3) The minor's death.
(3) The minor’s death.
History
(1987, c. 563, s. 2.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.