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2021 New Hampshire Revised Statutes
Title XLIV - Guardians and Conservators
Title 463-A - Uniform Transfers to Minors Act
Section 463-A:7 - Transfer by Obligor.
Universal Citation: NH Rev Stat § 463-A:7 (2021)
463-A:7 Transfer by Obligor. –
I. Subject to paragraphs II and III, a person not subject to RSA 463-A:5 or 6 who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to RSA 463-A:9.
II. If a person having the right to do so under RSA 463-A:3 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
III. If no custodian has been nominated under RSA 463-A:3, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $10,000 in value.
I. Subject to paragraphs II and III, a person not subject to RSA 463-A:5 or 6 who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to RSA 463-A:9.
II. If a person having the right to do so under RSA 463-A:3 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
III. If no custodian has been nominated under RSA 463-A:3, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $10,000 in value.
Source. 1985, 197:1, eff. July 30, 1985.
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