The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of:
(1) The minor's attainment of 21 years of age with respect to custodial property transferred under G.S. 33A-4 or G.S. 33A-5, except that any transferor may have custodial property transferred to the minor at any time after the age of 18 and before the age of 21 by a designation in the following words or their equivalent: "The custodian shall transfer this property to _______ (name of minor) when he reaches the age of ___ (age after 18 and before 21).";
(2) The minor's attainment of age 18 with respect to custodial property transferred under G.S. 33A-6 or G.S. 33A-7; or
(3) The minor's death. (1987, c. 563, s. 2.)
Notes of Decisions
Cited in
2
cases (
1 in the last 5 years), 2000–2026 · leading case:
Schout v. Schout, 538 S.E.2d 213 (N.C. Ct. App. 2000).
Schout v. Schout, 538 S.E.2d 213 (N.C. Ct. App. 2000).
· cites it 5× “” N.C. Gen. Stat. § 33A-20 (1999). As to the effect of the new statute on existing custodial relationships, section 33A-22 of the UTMA relevantly provides as follows: (b) This Chapter applies to all transfers made before October 1, 1987, in a manner and form prescribed in the…”
Olds v. Olds, 2026 NCBC 58 (N.C. Bus. Ct. 2026).
· cites it 4× “Plaintiff alleges that “[p]ursuant to N.C. Gen. Stat. § 33A-20 Defendant Olds has a fiduciary duty to ‘transfer in an appropriate manner the custodial property to Plaintiff upon his attainment of 21 years of age.”
— N.C. Gen. Stat. § 33A-20(1) — 1 case
Schout v. Schout, 538 S.E.2d 213 (N.C. Ct. App. 2000).
“” N.C. Gen. Stat. § 33A-20 (1999). As to the effect of the new statute on existing custodial relationships, section 33A-22 of the UTMA relevantly provides as follows: (b) This Chapter applies to all transfers made before October 1, 1987, in a manner and form prescribed in the…”
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