Section 554.546 - Transfer of property to minor; time.
MICHIGAN UNIFORM TRANSFERS TO MINORS ACT (EXCERPT)
Act 433 of 1998
554.546 Transfer of property to minor; time.
Sec. 26.
Except as provided in section 27, the custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of the following:
(a) The minor becoming 18 years of age with respect to custodial property transferred under section 8, 9, 10, or 11.
(b) The minor's death.
History: 1998, Act 433, Imd. Eff. Dec. 30, 1998