(b) A person designated as custodian under this chapter is subject to personal jurisdiction in Indiana with respect to a matter relating to the custodianship. (2) the removal of custodial property from Indiana. The custodianship created under this section remains subject to this chapter despite: (a) This chapter applies to a transfer that refers to this chapter in the designation under section 24(a) of this chapter by which the transfer is made if, at the time of the transfer, the transferor, the minor, or the custodian is a resident of Indiana or the custodial property is located in Indiana. As used in this chapter, "trust company" means a financial institution, corporation, or other legal entity authorized to exercise general trust powers. As used in this chapter, "transferor" means a person who makes a transfer under this chapter. As used in this chapter, "transfer" means a transaction that creates custodial property under section 24 of this chapter. As used in this chapter, "state" includes a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and a territory or possession subject to the legislative authority of the United States. As used in this chapter, "personal representative" means an executor, administrator, successor personal representative, or special administrator of a decedent's estate or a person legally authorized to perform substantially the same functions. As used in this chapter, "person" means an individual, corporation, organization, or other legal entity. As used in this chapter, "minor" means an individual who is less than twenty-one (21) years of age. As used in this chapter, "member of the minor's family" means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption. As used in this chapter, "legal representative" means an individual's personal representative or guardian. As used in this chapter, "guardian" has the meaning set forth in IC 29-3-1-6. As used in this chapter, "financial institution" means a bank, trust company, savings institution, or credit union chartered and supervised under state or federal law. As used in this chapter, "custodian" means a person designated as a custodian under section 24 of this chapter or a successor or substitute custodian designated under section 33 of this chapter. (2) the income from and proceeds of that interest in property. (1) an interest in property transferred to a custodian under this chapter and As used in this chapter, "custodial property" means:
As used in this chapter, "broker" means a person lawfully engaged in the business of effecting transactions in securities or commodities, or both, for the person's own account or for the account of others, or both. As used in this chapter, "benefit plan" means an employer's plan for the benefit of an employee or partner. As used in this chapter, "adult" means an individual who is at least twenty-one (21) years of age. INDIANA UNIFORM TRANSFERS TO MINORS ACT IC 30-2-8.5Ĭhapter 8.5.
View our newest version here 2011 Indiana CodeĬHAPTER 8.5.
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