§33B-6. Single beneficiaries; separate custodial trusts  


Latest version.
  • (a)        Beneficial interests in a custodial trust may not be created for multiple beneficiaries.

    (b)        All custodial trust property held under this act by the same custodial trustee for the use and benefit of a single beneficiary may be administered as a single custodial trust.

(1995, c. 486, s. 1.)