North Dakota § 47-24.1-06 Other transfer by fiduciary

North Dakota Statutes

§ 47-24.1-06 — Other transfer by fiduciary

North Dakota § 47-24.1-06

Title 47Property

Ch. 47-24.1Uniform Transfers to Minors Act

This text of North Dakota § 47-24.1-06 (Other transfer by fiduciary) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 47-24.1-06 (2026).

Text

1.Subject to subsection 3, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to section 47-24.1-09, in the absence of a will or under a will or trust that does not contain an authorization to do so.

2.Subject to subsection 3, a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to section 47-24.1-09.

3.A transfer under subsection 1 or 2 may be made only if:

a.The personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor;

b.The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instru

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1. Subject to subsection 3, a personal representative or trustee may make an irrevocable
transfer to another adult or trust company as custodian for the benefit of a minor
pursuant to section 47-24.1-09, in the absence of a will or under a will or trust that
does not contain an authorization to do so.
2. Subject to subsection 3, a conservator may make an irrevocable transfer to another
adult or trust company as custodian for the benefit of the minor pursuant to section
47-24.1-09.
3. A transfer under subsection 1 or 2 may be made only if:
a. The personal representative, trustee, or conservator considers the transfer to be
in the best interest of the minor;
b. The transfer is not prohibited by or inconsistent with provisions of the applicable
will, trust agreement, or other governing instrument; and
c. The transfer is authorized by the court if it exceeds ten thousand dollars in value.