Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
527.25 TRANSFER AUTHORIZED BY WILL OR TRUST.
(a) A personal representative or trustee may make an irrevocable transfer pursuant to section
527.29 to a custodian for the benefit of a minor as authorized in the governing will or trust.
(b) If the testator or settlor has nominated a custodian under section 527.23 to receive the
custodial property, the transfer must be made to that person.
(c) If the testator or settlor has not nominated a custodian under section 527.23, or all persons
so nominated as custodian die before the transfer or are unable, decline, or are ineligible to
serve, the personal representative or the trustee, as the case may be, shall designate the custodian
from among those eligible to serve as custodian for property of that kind under section527.29,
paragraph (a) .
History: 1985 c 221 s 5
(a) A personal representative or trustee may make an irrevocable transfer pursuant to section
527.29 to a custodian for the benefit of a minor as authorized in the governing will or trust.
(b) If the testator or settlor has nominated a custodian under section 527.23 to receive the
custodial property, the transfer must be made to that person.
(c) If the testator or settlor has not nominated a custodian under section 527.23, or all persons
so nominated as custodian die before the transfer or are unable, decline, or are ineligible to
serve, the personal representative or the trustee, as the case may be, shall designate the custodian
from among those eligible to serve as custodian for property of that kind under section
paragraph (a)
History: 1985 c 221 s 5
Official Publication of the State of Minnesota
Revisor of Statutes