2006 New York Code - Transfer Authorized By Will Or Trust



 
  § 7-6.5 Transfer authorized by will or trust
    (a)  A  personal  representative  or  trustee  may make an irrevocable
  transfer pursuant to 7-6.9 to a custodian for the benefit of a minor  as
  authorized in the governing will or trust.
    (b)  If  the testator or settler has nominated a custodian under 7-6.3
  to receive the custodial property, the transfer must  be  made  to  that
  person.
    (c)  If  the  testator  or settler has not nominated a custodian under
  7-6.3, or all persons so nominated as custodian die before the  transfer
  or  are  unable,  decline,  or  are  ineligible  to  serve, the personal
  representative or the trustee, as the case may be, shall  designate  the
  custodian  from  among those eligible to serve as custodian for property
  of that kind under paragraph (a) of 7-6.9.

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