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Chapter 554B

22 sections

§554B-1 Definitions for custodial trusts

§554B-2 How to create and end a custodial trust

§554B-3 Setting Up a Custodial Trust for Future Payments

§554B-4 When a custodial trustee takes the property and accepts the job

§554B-5 Transferring money or property for an incapacitated person

§554B-6 Multiple beneficiaries, separate custodial trusts, survivorship

§554B-7 How a custodial trustee must manage trust property

§554B-7.5 Trust accounts for minors working in entertainment

§554B-8 Powers and limits of a custodial trustee

§554B-9 How the Custodial Trustee Can Use Trust Money

§554B-10 How a beneficiary is found unable to manage their trust

§554B-11 Protection for people who deal with a custodial trustee

§554B-12 Who is responsible for debts and harms involving a custodial trust

§554B-13 When a custodial trustee steps down or dies

§554B-14 Pay, costs, and bond for the custodial trustee

§554B-15 Custodial trustee must report and account for trust property

§554B-16 Time limits for suing a custodial trustee

§554B-17 How a custodial trust ends and where the money goes

§554B-18 How to create a custodial trust and the forms to use

§554B-19 When this law applies to a custodial trust

§554B-20 Making the law consistent across states

§554B-22 If one part is invalid, the rest still stands