The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 14 V.S.A. § 3213)
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§ 3213. 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 the custodian,
followed in substance by the words: “as custodian for ____ (name of minor) under the Vermont Uniform Transfers to Minors Act.” The nomination
may name one or more persons as substitute custodians to whom the property must be
transferred, in the order named, if the first nominated custodian dies before the
transfer or is unable, declines, or is ineligible to serve. The nomination may be
made in a will, a trust, a deed, an instrument exercising a power of appointment,
or in a writing designating a beneficiary of contractual rights that is registered
with or delivered to the payor, issuer, or other obligor of the contractual rights.
(b) A custodian nominated under this section must be a person to whom a transfer of property
of that kind may be made under subsection 3219(a) of this title.
(c) The nomination of a custodian under this section does not create custodial property
until the nominating instrument becomes irrevocable or a transfer to the nominated
custodian is completed under section 3219 of this title. Unless the nomination of a custodian has been revoked, upon the occurrence of the
future event, the custodianship becomes effective, and the custodian shall enforce
a transfer of the custodial property pursuant to section 3219 of this title. (Added 2015, No. 7, § 1.)