Utah § 75A-8-108 Transfer by obligor.

Utah Statutes

§ 75A-8-108 — Transfer by obligor.

Utah § 75A-8-108

Title 75AFiduciaries

Ch. 75A-8Uniform Transfers to Minors Act

This text of Utah § 75A-8-108 (Transfer by obligor.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 75A-8-108 (2026).

Text

(1)Subject to Subsections (2) and (3), a person not subject to Section 75A-8-106 or 75A-8-107 who holds property of or owes a liquidated debt to a minor not having a conservator, may make an irrevocable transfer to a custodian for the benefit of the minor under Section 75A-8-110.

(2)If a person having the right under Section 75A-8-104 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.

(3)If no custodian has been nominated under Section 75A-8-104, or all persons nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $10,000 in value.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Subject to Subsections (2) and (3), a person not subject to Section 75A-8-106 or 75A-8-107 who holds property of or owes a liquidated debt to a minor not having a conservator, may make an irrevocable transfer to a custodian for the benefit of the minor under Section 75A-8-110.
(2) If a person having the right under Section 75A-8-104 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
(3) If no custodian has been nominated under Section 75A-8-104, or all persons nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds $10,000 in value.