33 §1671. Termination of custodianship

The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of: [PL 1987, c. 734, §2 (NEW).] 1. Transferor's option. The minor's attainment of 18 years of age with respect to custodial property transferred under section 1655 or 1656 , unless the transferor has specified in writing in the transferring instrument that the transfer shall not occur until the minor attains a later age, not to exceed 21 years of age. The following words or their substantial equivalent must appear in the transferring instrument: "The custodian shall transfer................ (description of property) to.............(name of minor) when........(he or she) reaches the age of..................(age at which transfer will occur);" [PL 1987, c. 734, §2 (NEW).] 2. Attainment of majority. The minor's attainment of majority under the laws of this State other than this Act with respect to custodial property transferred under section 1657 or 1658 ; or [PL 1987, c. 734, §2 (NEW).] 3. Death. The minor's death. [PL 1987, c. 734, §2 (NEW).]