§ 11-50-103 — Scope and jurisdiction

(1) This article applies to a transfer that
refers to this article in the designation under section 11-50-110 (1) by which the
transfer is made if, at the time of the transfer, the transferor, the minor, or the
custodian is a resident of this state or the custodial property is located in this state.
The custodianship so created remains subject to this article despite a subsequent
change in residence of a transferor, the minor, or the custodian, or the removal of
custodial property from this state.

(2) A person designated as custodian under this article is subject to personal
jurisdiction in this state with respect to any matter relating to the custodianship.

(3) A transfer that purports to be made and which is valid under the uniform
transfers to minors act, the uniform gifts to minors act, or a substantially similar act
of another state is governed by the law of the designated state and may be
executed and is enforceable in this state if, at the time of the transfer, the
transferor, the minor, or the custodian is a resident of the designated state or the
custodial property is located in the designated state.

Legislative History

Source: L. 84: Entire article R&RE, p. 384, � 1, effective July 1.