(a) Subject to subsection (c) of this section, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to W.S. 34-13-122, in the absence of a will or under a will or trust that does not contain an authorization to do so.
(b) Subject to subsection (c) of this section, a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to W.S. 34-13-122.
(c) A transfer under subsection (a) or (b) of this section may be made only if:
(i) The personal representative, trustee or conservator considers the transfer to be in the best interest of the minor;
(ii) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement or other governing instrument; and (iii) The transfer is authorized by the court if it exceeds ten thousand dollars ($10,000.00) in value.