Title 45a, Title 45a: Probate Courts and Procedure

Sec. 45a-557b. Scope and jurisdiction. (a) Sections 45a-557 to 45a-560b, inclusive, apply to a transfer that refers to said sections in the designation under subsection (a) of section 45a-558f by which the transfer is made if at the time of the transfer, the transferor, the minor…

Sec. 45a-558. Nomination of custodian. (a) A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to receive the property for a minor beneficiary upon the occurrence of the event by na…

Sec. 45a-558a. Transfer by gift or exercise of power. A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to section 45a-558f. (P.A. 95-117, S. 5.)

Sec. 45a-558b. Transfer authorized by will or trust. (a) A personal representative or trustee may make an irrevocable transfer pursuant to section 45a-558f to a custodian for the benefit of a minor as authorized in the governing will or trust. (b) If the testator or settlor has n…

Sec. 45a-558c. Other transfer by fiduciary. (a) Subject to subsection (c) of this section, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to section 45a-558f, in the absence …

Sec. 45a-558d. Transfer by obligor. (a) Subject to subsections (b) and (c) of this section, a person not subject to section 45a-558b or 45a-558c who holds property of or owes a liquidated debt to a minor not having a guardian may make an irrevocable transfer to a custodian for th…

Sec. 45a-558e. Receipt for custodial property. A written acknowledgment of delivery by a custodian constitutes a sufficient release and discharge for custodial property transferred to the custodian pursuant to sections 45a-557 to 45a-560b, inclusive. (P.A. 95-117, S. 9.)

Sec. 45a-558f. Creation and transfer of custodial property. Designation of initial custodian. Control. (a) Custodial property is created and a transfer is made whenever: (1) An uncertificated security or a certificated security in registered form is either: (A) Registered in the …

Sec. 45a-558g. Single guardianship. A transfer may be made for only one minor, and only one person may be the custodian. All custodial property held under sections 45a-557 to 45a-560b, inclusive, by the same custodian for the benefit of the same minor constitutes a single custodi…

Sec. 45a-558h. Validity and effect of transfer. (a) The validity of a transfer made in a manner prescribed in sections 45a-557 to 45a-560b, inclusive, is not affected by: (1) Failure of the transferor to comply with subsection (c) of section 45a-558f concerning possession and con…

Sec. 45a-558i. Care and control of custodial property. (a) A custodian shall: (1) Take control of custodial property; (2) register or record title to custodial property if appropriate; and (3) collect, hold, manage, invest and reinvest custodial property. (b) In dealing with cust…

Sec. 45a-558j. Powers of custodian. (a) A custodian, acting in a custodial capacity, has all the rights, powers and authority over custodial property that unmarried adult owners have over their own property including, to the extent applicable and consistent with sections 45a-557 …

Sec. 45a-558k. Use of custodial property. Distribution to a trust. (a) A custodian may deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the custodian considers advisable for the use and benefit of the minor, without court order an…

Sec. 45a-559. Custodian's expenses, compensation and bond. (a) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties. (b) Except for one who is a transferor under section 45a-558a, a custodia…

Sec. 45a-559a. Exemption of third party from liability. A third person in good faith and without court order may act on the instructions of or otherwise deal with any person purporting to make a transfer or purporting to act in the capacity of a custodian and, in the absence of k…

Sec. 45a-559b. Liability to third persons. (a) A claim based on (1) a contract entered into by a custodian acting in a custodial capacity, (2) an obligation arising from the ownership or control of custodial property, or (3) a tort committed during the custodianship, may be asser…

Sec. 45a-559c. Renunciation, resignation, death or removal of custodian. Designation of successor custodian. (a) A person nominated under section 45a-558 or designated under section 45a-558f as custodian may decline to serve by delivering a valid disclaimer to the person who made…

Sec. 45a-559d. Accounting by and determination of liability of custodian. (a) A minor who has attained the age of twelve years, the minor's guardian of the person or legal representative, an adult member of the minor's family, a transferor or a transferor's legal representative m…

Sec. 45a-559e. Termination of custodianship. The custodian shall transfer in an appropriate manner the custodial property to the minor, the legal representative of the minor or the personal representative of the minor's estate upon the earlier of (1) the minor's attainment of twe…

Sec. 45a-560. Applicability. The provisions of sections 45a-557 to 45a-560b, inclusive, shall apply to a transfer within the scope of section 45a-557b made after October 1, 1995, if: (1) The transfer purports to have been made under the Connecticut Uniform Gifts to Minors Act, se…

Sec. 45a-560a. Effect on existing custodianships. (a) Any transfer of custodial property as defined in sections 45a-557 to 45a-560b, inclusive, made before October 1, 1995, is validated notwithstanding that there was no specific authority in the Connecticut Uniform Gifts to Minor…

Sec. 45a-560b. Uniformity of application and construction. Sections 45a-557 to 45a-560b, inclusive, shall be applied and construed to effectuate their general purpose to make uniform the law with respect to the subject of sections 45a-557 to 45a-560b, inclusive, among states enac…