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24 chapters · 354 sections in this title.
15 V.I.C. § 1248 Distribution on termination
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(a) Upon termination of a custodial trust, the custodial trustee shall transfer the unexpended custodial trust property:(1) to the beneficiary, if not incapacitated or deceased;(2) to the conservator or other recipient designated by the court for an incapacitated beneficiary; or(…
15 V.I.C. § 1249 Methods and forms for creating custodial trusts
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(a) If a transaction, including a declaration with respect to or a transfer of specific property, otherwise satisfies applicable law, the criteria of section 1233 are satisfied by:(1) the execution and either delivery to the custodial trustee or recording of an instrument in subs…
15 V.I.C. § 1250 Applicable law
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(a) This chapter applies to a transfer or declaration creating a custodial trust that refers to this subchapter if, at the time of the transfer or declaration, the transferor, beneficiary, or custodial trustee is a resident of or has its principal place of business in the Virgin …
15 V.I.C. § 1251 Uniformity of application and construction
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This subchapter must 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.
