Ind. Code § 30-2-8.5-22
Transfer by obligor
Indiana · Indiana Code Title 30 — Trusts and Fiduciaries · Status: effective
Cite this
- Citation
- Ind. Code § 30-2-8.5-22, Transfer by obligor, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1668077
- Permanent ID
ys:prov:1668077@1- SHA-256
628280c9f63e7c317251a8b95d8bb939be126cec2ca90874335966c9917c1763
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 22.
(a) A person not subject to section 20 or 21 of this chapter that holds property of or owes a liquidated debt to a minor not having a guardian may make an irrevocable transfer to a custodian for the benefit of the minor under section 24 of this chapter.
(b) If a person having the right to nominate a custodian under section 18 of this chapter has nominated a custodian under that section to receive the custodial property, the transfer shall be made to the custodian.
(c) A trustee or administrator of a retirement plan, life insurance plan, or employee profit or stock sharing plan of which a minor is a designated beneficiary may transfer funds due under the plan to the minor under subsection (a).