N.Y. Estates, Powers & Trusts Law § 7-6.5: Transfer authorized by will or trust

§ 7-6.5 Transfer authorized by will or trust

(a) A personal representative or trustee may make an irrevocable

transfer pursuant to 7-6.9 to a custodian for the benefit of a minor as

authorized in the governing will or trust.

(b) If the testator or settler has nominated a custodian under 7-6.3

to receive the custodial property, the transfer must be made to that

person.

(c) If the testator or settler has not nominated a custodian under

7-6.3, or all persons so nominated as custodian die before the transfer

or are unable, decline, or are ineligible to serve, the personal

representative or the trustee, as the case may be, shall designate the

custodian from among those eligible to serve as custodian for property

of that kind under paragraph (a) of 7-6.9.