2013 Missouri Revised Statutes
TITLE XXVI TRADE AND COMMERCE
Chapter 404 Transfers to Minors--Personal Custodian and Durable Power of Attorney
Section 404.460 Future transfers of property revocable by donor, exception.
Future transfers of property revocable by donor, exception.
404.460. A provision in a will, trust, power of appointment, benefit plan, life or endowment insurance policy, annuity or other contract, or a pay or transfer on death direction, for a transfer of property to be made in the future to a custodian for a beneficiary, made by a donor in the manner prescribed in subdivision (4) of subsection 1 of section 404.540, remains revocable by the donor until the property becomes transferable in accordance with the terms of the governing instrument to the beneficiary or a personal custodian for the beneficiary under sections 404.400 to 404.650, unless expressly made irrevocable at the time provision for the gift is made or subsequently.
(L. 1986 S.B. 651 § 3 subsec. 3)
Disclaimer: These codes may not be the most recent version. Missouri may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
