[§553A-6]  Other transfer by fiduciary. 
(a)  Subject to subsection (c), a personal representative or trustee may make
an irrevocable transfer to another adult or trust company as custodian for the
benefit of a minor pursuant to section 553A-9, in the absence of a will or
under a will or trust that does not contain an authorization to do so.



(b)  Subject to subsection (c), a conservator
may make an irrevocable transfer to another adult or trust company as custodian
for the benefit of the minor pursuant to section 553A-9.



(c)  A transfer under subsection (a) or (b) may
be made only if:



(1)  The personal representative, trustee, or
conservator considers the transfer to be in the best interest of the minor;



(2)  The transfer is not prohibited by or inconsistent
with provisions of the applicable will, trust agreement, or other governing
instrument; and



(3)  The transfer is authorized by the court if it
exceeds $10,000 in value. [L 1985, c 91, pt of §1]



 



Rules of Court



 



  Transfers, see HPR rule 111.