75A-8-107. Other transfer by fiduciary.
(1) Subject to Subsection (3), a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor under Section, in the absence of a will or under a will or trust that does not contain an authorization to do so. 75A-8-110
(2) Subject to Subsection (3), a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to Section. 75A-8-110
(3) A transfer under Subsectionor (2) may be made only if: 75A-8-110(1) the personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor; the transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument, as defined in Section; and 75-1-201 the transfer is authorized by the court, if it exceeds $10,000 in value.