14-9119. Applicable law


A. This chapter applies to a transfer or declaration creating a custodial trust
that refers to this chapter if, at the time of the transfer or declaration, the
transferor, beneficiary or custodial trustee is a resident of or has its principal place
of business in this state or custodial trust property is located in this state. The
custodial trust remains subject to this chapter despite a later change in residence or
principal place of business of the transferor, beneficiary or custodial trustee, or
removal of the custodial trust property from this state.


B. A transfer made pursuant to an act of another state substantially similar to
this chapter is governed by the law of that state and may be enforced in this state.