More information required on Cusodian

MSC Shekar (Querist) 19 February 2010 This query is : Resolved
custodian

Definition
A term used by the Uniform Transfers to Minors Act for the person named to manage property left to a child under the terms of that Act. The custodian will manage the property if the gift giver dies before the child has reached the age specified by state law -- usually 21. When the child reaches the specified age, he will receive the property and the custodian will have no further role in its management.

The above definition is obtained from this website dictionary. Interestingly I find this citation in a Gift Deed in which "Permission of Custodian with some No." is mentioned.

My query is what is this Uniform Transfers to Minors Act as mentioned in this definition and where can I get a copy of the same? If the same is now changed / amended what is the new Act named?

Follow Query

Report Abuse

s.subramanian (Expert) 16 September 2010
Age of majority is 18 in India. Look into the Hindu Minority and guardianship Act and the Guardian and Wards Act.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now