(a) This Chapterapplies to a transfer if at the time of the transfer, the transferor, theminor, or the custodian is a resident of this State or the custodial propertyis located in this State and the transfer instrument refers to this Chapter inthe designation under G.S. 33A‑9(a) by which the transfer is made. Thecustodianship so created remains subject to this Chapter despite a subsequentchange in residence of a transferor, the minor, or the custodian, or theremoval of custodial property from this State.
(b) A person designatedas custodian under this Chapter is subject to personal jurisdiction in thisState with respect to any matter relating to the custodianship.
(c) A transfer thatpurports to be made and which is valid under the Uniform Transfers to MinorsAct, the Uniform Gifts to Minors Act, or a substantially similar act, ofanother state is governed by the law of the designated state and may beexecuted and is enforceable in this State if at the time of the transfer, thetransferor, the minor, or the custodian is a resident of the designated stateor the custodial property is located in the designated state.
(d) This Chapter shallnot be construed to be the exclusive procedures for transferring propertyinterests to minors and any other procedure for such transfers authorized bythe law of this State and, not specifically repealed shall continue in effect. (1987, c. 563, s. 2.)
(a) This Chapterapplies to a transfer if at the time of the transfer, the transferor, theminor, or the custodian is a resident of this State or the custodial propertyis located in this State and the transfer instrument refers to this Chapter inthe designation under G.S. 33A‑9(a) by which the transfer is made. Thecustodianship so created remains subject to this Chapter despite a subsequentchange in residence of a transferor, the minor, or the custodian, or theremoval of custodial property from this State.
(b) A person designatedas custodian under this Chapter is subject to personal jurisdiction in thisState with respect to any matter relating to the custodianship.
(c) A transfer thatpurports to be made and which is valid under the Uniform Transfers to MinorsAct, the Uniform Gifts to Minors Act, or a substantially similar act, ofanother state is governed by the law of the designated state and may beexecuted and is enforceable in this State if at the time of the transfer, thetransferor, the minor, or the custodian is a resident of the designated stateor the custodial property is located in the designated state.
(d) This Chapter shallnot be construed to be the exclusive procedures for transferring propertyinterests to minors and any other procedure for such transfers authorized bythe law of this State and, not specifically repealed shall continue in effect. (1987, c. 563, s. 2.)
(a) This Chapterapplies to a transfer if at the time of the transfer, the transferor, theminor, or the custodian is a resident of this State or the custodial propertyis located in this State and the transfer instrument refers to this Chapter inthe designation under G.S. 33A‑9(a) by which the transfer is made. Thecustodianship so created remains subject to this Chapter despite a subsequentchange in residence of a transferor, the minor, or the custodian, or theremoval of custodial property from this State.
(b) A person designatedas custodian under this Chapter is subject to personal jurisdiction in thisState with respect to any matter relating to the custodianship.
(c) A transfer thatpurports to be made and which is valid under the Uniform Transfers to MinorsAct, the Uniform Gifts to Minors Act, or a substantially similar act, ofanother state is governed by the law of the designated state and may beexecuted and is enforceable in this State if at the time of the transfer, thetransferor, the minor, or the custodian is a resident of the designated stateor the custodial property is located in the designated state.
(d) This Chapter shallnot be construed to be the exclusive procedures for transferring propertyinterests to minors and any other procedure for such transfers authorized bythe law of this State and, not specifically repealed shall continue in effect. (1987, c. 563, s. 2.)
