§ 18-13-9. Use of custodial trust property.
(a) A custodial trustee shall pay to the beneficiary or expend for the beneficiary's use
and benefit as much or all of the custodial trust property as the beneficiary, while
not incapacitated, may direct from time to time.
(b) If the beneficiary is incapacitated, the custodial trustee shall expend as much or
all of the custodial trust property as the custodial trustee considers advisable for
the use and benefit of the beneficiary and individuals who were supported by the beneficiary
when the beneficiary became incapacitated, or who are legally entitled to support
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§ 18-13-9. Use of custodial trust property.
(a) A custodial trustee shall pay to the beneficiary or expend for the beneficiary's use
and benefit as much or all of the custodial trust property as the beneficiary, while
not incapacitated, may direct from time to time.
(b) If the beneficiary is incapacitated, the custodial trustee shall expend as much or
all of the custodial trust property as the custodial trustee considers advisable for
the use and benefit of the beneficiary and individuals who were supported by the beneficiary
when the beneficiary became incapacitated, or who are legally entitled to support
by the beneficiary. Expenditures may be made in the manner, when, and to the extent
that the custodial trustee determines suitable and proper, without court order and
without regard to other support, income, or property of the beneficiary.
(c) A custodial trustee may establish checking, savings, or other similar accounts of
reasonable amounts under which either the custodial trustee or the beneficiary may
withdraw funds from, or draw checks against, the accounts. Funds withdrawn from, or
checks written against, the account by the beneficiary are distributions of custodial
trust property by the custodial trustee to the beneficiary.