Legislation
SECTION 7-6.21
Age eighteen election
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 7, PART 6
§ 7-6.21 Age eighteen election
Notwithstanding the foregoing sections of this part, if with respect
to any gift made pursuant to 7-6.9, the designations of the custodian
contains, in substance, the phrase, "until age eighteen", then all
records of the custodian with respect to such gift shall contain such
phrase, and the gift shall be administered under this part as if the
word "eighteen" were substituted for the word "twenty-one" wherever such
word appears in paragraphs (a) and (k) of section 7-6.1 and in section
7-6.20.
Notwithstanding the foregoing sections of this part, if with respect
to any gift made pursuant to 7-6.9, the designations of the custodian
contains, in substance, the phrase, "until age eighteen", then all
records of the custodian with respect to such gift shall contain such
phrase, and the gift shall be administered under this part as if the
word "eighteen" were substituted for the word "twenty-one" wherever such
word appears in paragraphs (a) and (k) of section 7-6.1 and in section
7-6.20.