California Probate Code

§ 3906

PROB § 3906 Effective Jan 1, 1997Div. 4 · Part 9

Statute text

(a)Subject to subdivision (c), a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to Section 3909, in the absence of a will or under a will or trust that does not contain an authorization to do so.

(b)Subject to subdivision (c), a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to Section 3909.

(c)A transfer under subdivision (a) or (b) may be made only if all of the following requirements are satisfied:

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Legislative history

Amended by Stats. 1996, Ch. 862, Sec. 13. Effective January 1, 1997.