2005 Idaho Code - 68-803 — NOMINATION OF CUSTODIAN

                                  TITLE  68
                            TRUSTS AND FIDUCIARIES
                                  CHAPTER 8
                             TRANSFERS TO MINORS
    68-803.  NOMINATION OF CUSTODIAN. (1) A person having the right to
designate the recipient of property transferable upon the occurrence of a
future event may revocably nominate a custodian to receive the property for a
minor beneficiary upon the occurrence of the event by naming the custodian,
followed in substance by the words: "as custodian for     (name of minor)
under the Idaho Uniform Transfers to Minors Act." The nomination may name one
or more persons as substitute custodians to whom the property must be
transferred, in the order named, if the first nominated custodian dies before
the transfer or is unable, declines, or is ineligible to serve. The nomination
may be made in a will, a trust, a deed, an instrument exercising a power of
appointment, or in a writing designating a beneficiary of contractual rights
which is registered with or delivered to the payor, issuer, or other obligor
of the contractual rights.
    (2)  A custodian nominated under this section must be a person to whom a
transfer of property of that kind may be made under section 68-809(1), Idaho
Code.
    (3)  The nomination of a custodian under this section does not create
custodial property until the nominating instrument becomes irrevocable or a
transfer to the nominated custodian is completed under section 68-809, Idaho
Code. Unless the nomination of a custodian has been revoked, upon the
occurrence of the future event, the custodianship becomes effective and the
custodian shall enforce a transfer of the custodial property pursuant to
section 68-809, Idaho Code.