Rhode Island § 18-7-15 § 18-7-15. Use of custodial property.

Rhode Island Statutes

§ 18-7-15 — § 18-7-15. Use of custodial property.

Rhode Island·Title 18 Fiduciaries·Ch. 18-7 Uniform Transfers to Minors Act

§ 18-7-15. Use of custodial property.
(a) A custodian may deliver or pay to the minor or expend for the minor's benefit as much
            of the custodial property as the custodian considers advisable for the use and benefit
            of the minor, without court order and without regard to:
         
(1) The duty or ability of the custodian personally or of any other person to support
            the minor; or
         
(2) Any other income or property of the minor that may be applicable or available for
            that purpose.
         
(b) On petition of an interested person, or the minor if

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§ 18-7-15. Use of custodial property.

(a) A custodian may deliver or pay to the minor or expend for the minor's benefit as much of the custodial property as the custodian considers advisable for the use and benefit of the minor, without court order and without regard to:

(1) The duty or ability of the custodian personally or of any other person to support the minor; or

(2) Any other income or property of the minor that may be applicable or available for that purpose.

(b) On petition of an interested person, or the minor if the minor has attained the age of fourteen (14) years, the court may order the custodian to deliver or pay to the minor or expend for the minor's benefit as much of the custodial property as the court considers advisable for the use and benefit of the minor.

(c) A delivery, payment, or expenditure under this section is in addition to, but not in substitution for, and does not affect, any obligation of a person to support the minor.

Rhode Island § 18-7-15 (§ 18-7-15. Use of custodial property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.