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2019 Vermont Statutes
Title 14 - Decedents' Estates and Fiduciary Relations
Chapter 115 - Vermont Uniform Transfers To Minors Act
§ 3217 Transfer by obligor
Universal Citation: 14 V.S.A. § 3217
§ 3217. Transfer by obligor
(a) Subject to subsections (b) and (c) of this section, a person not subject to section 3215 or 3216 of this title who holds property of or owes a liquidated debt to a minor not having a financial guardian may make an irrevocable transfer to a custodian for the benefit of the minor, pursuant to section 3219 of this title.
(b) If a person having the right to do so under section 3213 of this title has nominated a custodian under that section to receive the custodial property, the transfer shall be made to that person. (Added 2015, No. 7, § 1.)
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