Delaware § 4521 Applicability

Delaware Statutes

§ 4521 — Applicability

Delaware·Title 12·Part Fiduciary Relations·Ch. 45 DELAWARE UNIFORM TRANSFERS TO MINORS ACT

This chapter applies to a transfer within the scope of § 4502 of this title made after June 26, 1996, if:

(1)The transfer purports to have been made under the Delaware Uniform Gifts to Minors Act; or

(2)The instrument by which the transfer purports to have been made uses in substance the designation “as custodian under the Uniform Gifts to Minors Act” or “as custodian under the Uniform Transfers to Minors Act” of any other state, and the application of this chapter is necessary to validate the transfer.

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This chapter applies to a transfer within the scope of § 4502 of this title made after June 26, 1996, if:

(1) The transfer purports to have been made under the Delaware Uniform Gifts to Minors Act; or

(2) The instrument by which the transfer purports to have been made uses in substance the designation “as custodian under the Uniform Gifts to Minors Act” or “as custodian under the Uniform Transfers to Minors Act” of any other state, and the application of this chapter is necessary to validate the transfer.

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