§ 7-6.2 Scope and jurisdiction\n (a) This part applies to a transfer that refers to this part in the\ndesignation under paragraph (a) of 7-6.9 by which the transfer is made\nif at the time of the transfer, the transferor, the minor, or the\ncustodian is a resident of this state or the custodial property is\nlocated in this state. The custodianship so created remains subject to\nthis part despite a subsequent change in residence of a transferor, the\nminor, or the custodian, or the removal of custodial property from this\nstate.\n (b) A person designated as custodian under this part is subject to\npersonal jurisdiction in this state with respect to any matter relating\nto the custodianship.\n (c) A transfer that purports to be made and which is valid under the\nUniform Transfers to Minors Act, the Uniform Gifts to Minors Act, or a\nsubstantially similar act, of another state is governed by the law of\nthe designated state and may be executed and is enforceable in this\nstate if at the time of the transfer, the transferor, the minor, or the\ncustodian is a resident of the designated state or the custodial\nproperty is located in the designated state.\n
N.Y. Est. Powers & Trusts Law § 7-6.2
Scope and jurisdiction
Applied in 1 court decision — leading case Charles Schwab & Co., Inc. v. Marilley (2026)
Most recently applied in Charles Schwab & Co., Inc. v. Marilley (January 2026)
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.