Title 30, Guardians And Trustees

[§553A-13] 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, but a custodian may exercise those rights, powers, and authority in that ca…

[§553A-14] Use of custodial property. (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 and without regard to: (1) The …

[§553A-15] 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 553A-4, a custodian ha…

[§553A-16] Exemption of third person 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 know…

[§553A-17] 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 asserted…

§553A-18 Renunciation, resignation, death, or removal of custodian; designation of successor custodian. (a) A person nominated under section 553A-3 or designated under section 553A-9 as custodian may decline to serve by delivering a valid renunciation pursuant to chapter 526 to t…

§553A-19 Accounting by and determination of liability of custodian. (a) A minor who has attained the age of fourteen years, the minor's guardian or legal representative, an adult member of the minor's family, a transferor, or a transferor's legal representative may petition the c…

[§553A-2] Scope and jurisdiction. (a) This chapter applies to a transfer that refers to this chapter in the designation under section 553A-9(a) by which the transfer is made if at the time of the transfer, the transferor, the minor, or the custodian is a resident of this State or…

[§553A-20] Termination of custodianship. 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 twenty-one years of age with respect to custodial property transferred un…

[§553A-21] Applicability. This chapter applies to a transfer within the scope of section 553A-2 made after July 1, 1985 if: (1) The transfer purports to have been made under the Hawaii Uniform Gifts to Minors Act; or (2) The instrument by which the transfer purports to have been …

[§553A-22] Effect on existing custodianships. (a) Any transfer of custodial property as now defined in this chapter made before July 1, 1985, is validated notwithstanding that there was no specific authority in the Hawaii Uniform Gifts to Minors Act for the coverage of custodial …

[§553A-23] Uniformity of application and construction. This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it. [L 1985, c 91, pt of §1]

[§553A-24] Short title. This chapter may be cited as the "Hawaii Uniform Transfers to Minors Act". [L 1985, c 91, pt of §1]

[§553A-3] 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 naming…

[§553A-4] Transfer by gift or exercise of power of appointment. 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 553A-9. [L 1985, c 91, pt of §1]

[§553A-5] Transfer authorized by will or trust. (a) A personal representative or trustee may make an irrevocable transfer pursuant to section 553A-9 to a custodian for the benefit of a minor as authorized in the governing will or trust. (b) If the testator or settlor has nominate…

[§553A-6] Other transfer by fiduciary. (a) Subject to subsection (c), 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 553A-9, in the absence of a will or under a wi…

[§553A-7] Transfer by obligor. (a) Subject to subsections (b) and (c), a person not subject to section 553A-5 or 553A-6 who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor…

[§553A-8] Receipt for custodial property. A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this chapter. [L 1985, c 91, pt of §1]

[§553A-9] Manner of creating custodial property and effecting transfer; 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) Regist…