[§553A-3]  Nomination of custodian. 
(a)  A person having the right to designate the recipient of property
transferable upon the occurrence of a future event may revocably nominate a
custodian to receive the property for a minor beneficiary upon the occurrence
of the event by naming the custodian followed in substance by the words: 
"as custodian for ____________________ (name of minor) under the Hawaii
Uniform Transfers to Minors Act."  The nomination may name one or more
persons as substitute custodians to whom the property must be transferred, in
the order named, if the first nominated custodian dies before the transfer or
is unable, declines, or is ineligible to serve.  The nomination may be made in
a will, a trust, a deed, an instrument exercising a power of appointment, or in
a writing designating a beneficiary of contractual rights which is registered
with or delivered to the payor, issuer, or other obligor of the contractual
rights.



(b)  A custodian nominated under this section
must be a person to whom a transfer of property of that kind may be made under
section 553A-9(a).



(c)  The nomination of a custodian under this
section does not create custodial property until the nominating instrument
becomes irrevocable or a transfer to the nominated custodian is completed under
section 553A-9.  Unless the nomination of a custodian has been revoked, upon
the occurrence of the future event the custodianship becomes effective and the
custodian shall enforce a transfer of the custodial property pursuant to section
553A-9. [L 1985, c 91, pt of §1]