2005 Idaho Code - 68-1304 — FORM AND EFFECT OF RECEIPT AND ACCEPTANCE BY CUSTODIAL TRUSTEE -- JURISDICTION

                                  TITLE  68
                            TRUSTS AND FIDUCIARIES
                                  CHAPTER 13
                      IDAHO UNIFORM CUSTODIAL TRUST ACT
    68-1304.  FORM AND EFFECT OF RECEIPT AND ACCEPTANCE BY CUSTODIAL TRUSTEE
-- JURISDICTION. (1) Obligations of a custodial trustee, including the
obligation to follow directions of the beneficiary, arise under this chapter
upon the custodial trustee's acceptance, express or implied, of the custodial
trust property.
    (2)  The custodial trustee's acceptance may be evidenced by a writing
stating in substance:
                  CUSTODIAL TRUSTEE'S RECEIPT AND ACCEPTANCE
    I, .....(name of custodial trustee)..... acknowledge receipt of the
custodial trust property described below or in the attached instrument and
accept the custodial trust as custodial trustee for .....(name of
beneficiary)..... under the Idaho Uniform Custodial Trust Act. I undertake to
administer and distribute the custodial trust property pursuant to the Idaho
Uniform Custodial Trust Act.  My obligations as custodial trustee are subject
to the directions of the beneficiary unless the beneficiary is designated as,
is, or becomes incapacitated.  The custodial trust property consists of
........................
Dated: ............................
...................................
(Signature of Custodial Trustee)
    (3)  Upon accepting custodial trust property, a person designated as
custodial trustee under this chapter is subject to personal jurisdiction of
the court with respect to any matter relating to the custodial trust.