Minnesota § 527.27 TRANSFER BY OBLIGOR

Minnesota Statutes

§ 527.27 — TRANSFER BY OBLIGOR

Minnesota § 527.27

PartPROBATE; PROPERTY; ESTATES; GUARDIANSHIPS; ANATOMICAL GIFTS

Ch. 527UNIFORM TRANSFERS TO MINORS ACT

This text of Minnesota § 527.27 (TRANSFER BY OBLIGOR) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 527.27 (2026).

Text

(a)Subject to paragraphs (b) and (c), a person not subject to section527.25or527.26who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to section527.29.

(b)If a person having the right to do so under section527.23has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.

(c)If no custodian has been nominated under section527.23, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $10,000 in value.

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(a) Subject to paragraphs (b) and (c), a person not subject to section527.25or527.26who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to section527.29.
(b) If a person having the right to do so under section527.23has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
(c) If no custodian has been nominated under section527.23, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $10,000 in value.