Transfer of custodial property by custodian to minor or minor’s estate

The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earliest of: (1) The minor’s attainment of 21 years of age with respect to custodial property transferred under Code Section 44-5-114 or 44-5-115; (2) The minor’s attainment of majority under the laws of this state other than this article with respect to custodial property transferred under Code Section 44-5-116 or 44-5-117; or (3) The minor’s death. (Code 1981, § 44-5-130, enacted by Ga. L. 1990, p. 667, § 1.)