Receipt for custodial property

N.Y. Estates, Powers & Trusts Law § 7-6.8, under Uniform Transfers to Minors Act.

N.Y. Estates, Powers & Trusts Law § 7-6.8

§ 7-6.8 Receipt for custodial property A written acknowledgement of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to a custodian pursuant to this part.