404.021 Single custodianship — but custodian may serve more than one minor.

404.021. Single custodianship — but custodian may serve more than one minor. — A transfer of property under sections 404.005 to 404.094 may be made to only one minor and only one person may be custodian of the property transferred. A person may be a custodian of property for more than one minor, but the custodian shall separately hold and administer the custodial property for each minor. (L. 1985 S.B. 35, et al. § 2 subsec. 5)