North Dakota § 47-24.1-11 Validity and effect of transfer

North Dakota Statutes

§ 47-24.1-11 — Validity and effect of transfer

North Dakota § 47-24.1-11

Title 47Property

Ch. 47-24.1Uniform Transfers to Minors Act

This text of North Dakota § 47-24.1-11 (Validity and effect of transfer) 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 § 47-24.1-11 (2026).

Text

1.The validity of a transfer made in a manner prescribed in this chapter is not affected by:

a.Failure of the transferor to comply with subsection 3 of section 47-24.1-09 concerning possession and control;

b.Designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian under subsection 1 of section 47-24.1-09; or

c.Death or incapacity of a person nominated under section 47-24.1-03 or designated under section 47-24.1-09 as custodian or the disclaimer of the office by that person.

2.A transfer made pursuant to section 47-24.1-09 is irrevocable, and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties, and authority provided in th

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1. The validity of a transfer made in a manner prescribed in this chapter is not affected
by:
a. Failure of the transferor to comply with subsection 3 of section 47-24.1-09
concerning possession and control;
b. Designation of an ineligible custodian, except designation of the transferor in the
case of property for which the transferor is ineligible to serve as custodian under
subsection 1 of section 47-24.1-09; or
c. Death or incapacity of a person nominated under section 47-24.1-03 or
designated under section 47-24.1-09 as custodian or the disclaimer of the office
by that person.
2. A transfer made pursuant to section 47-24.1-09 is irrevocable, and the custodial
property is indefeasibly vested in the minor, but the custodian has all the rights,
powers, duties, and authority provided in this chapter, and neither the minor nor the
minor's legal representative has any right, power, duty, or authority with respect to the
custodial property except as provided in this chapter.
3. By making a transfer, the transferor incorporates in the disposition all the provisions of
this chapter, and grants to the custodian, and to any third person dealing with a person

designated as custodian, the respective powers, rights, and immunities provided in this
chapter.