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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 58. PROBATE PROCEDURE

  § 58-1221. Minor's death or attainment of majority.  

Latest version.

  • A.  The custodian shall transfer in an appropriate manner the custodial property to the minor, the minor's estate, or the minor's beneficiary as prescribed in paragraph 2 of subsection A of Section 1210 of this title upon the earlier of:

    1.  The minor's attainment of eighteen (18) years of age with respect to custodial property transferred pursuant to the provisions of Section 1205 or 1206 of this title, unless the transfer is delayed pursuant to subsection B of this section; or

    2.  The minor's attainment of majority pursuant to the laws of this state with respect to custodial property transferred pursuant to the provisions of Section 1207 or 1208 of this title; or

    3.  The minor's death.

    B.  A transfer required by paragraph 1 of subsection A of this section may be delayed until a specified time after the minor attains eighteen (18) years of age but not later than when the minor attains twenty-one (21) years of age.  The time for a transfer pursuant to this subsection must be specified at the time of the transfer whether made under Section 1210 of this title or by will or trust and shall be in substantially the following words:  "The custodian shall transfer this property to             (name of minor) [on (specified date)] [when (he or she) reaches the age of     (age, after eighteen (18) years and at or before twenty-one (21) years)]."

Added by Laws 1986, c. 261, § 21, eff. Nov. 1, 1986.  Amended by Laws 1993, c. 158, § 4, eff. Sept. 1, 1993.