Maine § 33 §1671 Termination of custodianship

Maine Statutes

§ 33 §1671 — Termination of custodianship

Maine § 33 §1671

Title 33PROPERTY

Ch. 32MAINE UNIFORM TRANSFERS TO MINORS ACT

This text of Maine § 33 §1671 (Termination of custodianship) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 33, § 33 §1671 (2026).

Text

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.Transferor's option. The minor's attainment of 18 years of age with respect to custodial property transferred under section 1655 or 1656, unless the transferor has specified in writing in the transferring instrument that the transfer shall not occur until the minor attains a later age, not to exceed 21 years of age. The following words or their substantial equivalent must appear in the transferring instrument:"The custodian shall transfer................ (description of property) to.............(name of minor) when........(he or she) reaches the age of..................(age at which transfer will occur);"

2.Attainment of majority. The minor's attainmen

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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.
Transferor's option.
The minor's attainment of 18 years of age with respect to custodial property transferred under section 1655 or 1656, unless the transferor has specified in writing in the transferring instrument that the transfer shall not occur until the minor attains a later age, not to exceed 21 years of age. The following words or their substantial equivalent must appear in the transferring instrument:"The custodian shall transfer................ (description of property) to.............(name of minor) when........(he or she) reaches the age of..................(age at which transfer will occur);"
2.
Attainment of majority.
The minor's attainment of majority under the laws of this State other than this Act with respect to custodial property transferred under section 1657 or 1658; or
3.
Death.
The minor's death.