United States — Louisiana
RS 9:754
1 provisions
A person may make an irrevocable gift transfer to a custodian for the benefit of a minor.
Act or statute Open & Chat
United States — Louisiana Statutes
Browse legislation and open any statute to read or ask LexChat.
46,252 statutes · page 2,312 of 2,313
United States — Louisiana
RS 9:755
1 provisions
A personal representative or trustee may transfer property to a custodian for a minor if the will or trust authorizes it.
Act or statute Open & ChatUnited States — Louisiana
RS 9:756
1 provisions
Certain fiduciaries may make an irrevocable transfer to a custodian for a minor if the stated conditions are met.
Act or statute Open & ChatUnited States — Louisiana
RS 9:757
1 provisions
A qualifying person may transfer a minor’s property or debt to a custodian, and in some cases must transfer it to a nominated custodian.
Act or statute Open & ChatUnited States — Louisiana
RS 9:758
1 provisions
A custodian’s written acknowledgment of delivery is enough to count as a receipt and discharge for custodial property transferred under this Subpart.
Act or statute Open & ChatUnited States — Louisiana
RS 9:759
1 provisions
This section says when custodial property is created and transferred, and requires the transferor to put the custodian in control as soon as practicable.
Act or statute Open & ChatUnited States — Louisiana
RS 9:760
1 provisions
A transfer may be made only for one minor, and there may be only one custodian.
Act or statute Open & ChatUnited States — Louisiana
RS 9:761
1 provisions
A transfer made under this Subpart is generally valid and irrevocable, and the custodian receives the Subpart’s rights and powers while the minor does not have rights, powers, duties, or authority over the custodial property except as provided here.
Act or statute Open & ChatUnited States — Louisiana
RS 9:762
1 provisions
A custodian must take control of custodial property, manage it prudently, keep it separate, and keep records; the custodian may also retain transferred property and may invest in certain insurance only if the stated beneficiary conditions are met.
Act or statute Open & ChatUnited States — Louisiana
RS 9:763
1 provisions
A custodian has the rights, powers, and authority of an unmarried adult owner over custodial property, but only while acting in a custodial capacity.
Act or statute Open & ChatUnited States — Louisiana
RS 9:764
1 provisions
A custodian may use custodial property for a minor’s benefit without a court order, and a court may order that use on petition in certain cases.
Act or statute Open & ChatUnited States — Louisiana
RS 9:765
1 provisions
A custodian may be reimbursed for reasonable expenses, may elect each year to charge reasonable compensation (unless a transferor under R.S. 9:754), and generally does not have to post a bond unless R.S. 9:768(F) says otherwise.
Act or statute Open & ChatUnited States — Louisiana
RS 9:766
1 provisions
A third person may act on transfer or custody instructions if acting in good faith and without a court order, and is not responsible for checking certain custodian- and transfer-related matters when they lack knowledge.
Act or statute Open & ChatUnited States — Louisiana
RS 9:767
1 provisions
This section limits when a custodian or minor is personally liable for contracts, custodial property obligations, and torts tied to the custodianship.
Act or statute Open & ChatUnited States — Louisiana
RS 9:768
1 provisions
This section lets a custodian decline, resign, or name a successor, and sets out who may replace or remove a custodian and when.
Act or statute Open & ChatUnited States — Louisiana
RS 9:769
1 provisions
Certain people may ask the court for an accounting by a custodian, and if a custodian is removed, the court must require accounting and transfer of the property and records.
Act or statute Open & ChatUnited States — Louisiana
RS 9:770
1 provisions
The custodian must transfer the custodial property to the minor or the minor’s estate when the earliest of three events happens: the minor turns twenty-two, is judicially emancipated, or dies.
Act or statute Open & ChatUnited States — Louisiana
RS 9:771
1 provisions
This section says when the Subpart applies to certain transfers and when it can be used to validate them.
Act or statute Open & ChatUnited States — Louisiana
RS 9:772
1 provisions
Transfers of custodial property made before January 1, 1988 are validated, even if there was no specific authority for them at the time, unless applying the rule would impair constitutionally vested rights.
Act or statute Open & ChatUnited States — Louisiana
RS 9:773
1 provisions
This subpart may be cited as the “Louisiana Uniform Transfers to Minors Act.”
Act or statute Open & Chat