Termination of Custodianship Upon Minor’s Reaching Age 21 or Age of Majority or Upon Minor’s Death

The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of: (1) The minor’s attainment of 21 years of age with respect to custodial property transferred under section 35-5A-5 or 35-5A-6; (2) The minor’s attainment of majority under the laws of this state other than this chapter with respect to custodial property transferred under section 35-5A-7 or 35-5A-8; or (3) The minor’s death. (Acts 1986, No. 86-453, p. 819, §20.)