Minnesota § 527.42 EFFECT ON EXISTING CUSTODIANSHIPS

Minnesota Statutes

§ 527.42 — EFFECT ON EXISTING CUSTODIANSHIPS

Minnesota § 527.42

PartPROBATE; PROPERTY; ESTATES; GUARDIANSHIPS; ANATOMICAL GIFTS

Ch. 527UNIFORM TRANSFERS TO MINORS ACT

This text of Minnesota § 527.42 (EFFECT ON EXISTING CUSTODIANSHIPS) 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. § 527.42 (2026).

Text

Section527.40, subdivision 1, does not apply to custodial property transferred under section527.26or527.27before May 17, 2020. For custodial property transferred under section527.26or527.27before May 17, 2020, the custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of the following terminating events:

(1)the minor's attainment of 18 years of age or (2) the minor's death.

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Section527.40, subdivision 1, does not apply to custodial property transferred under section527.26or527.27before May 17, 2020. For custodial property transferred under section527.26or527.27before May 17, 2020, the custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of the following terminating events: (1) the minor's attainment of 18 years of age or (2) the minor's death.