Okla. Stat. tit. 58, § 58-1208: Persons holding property of or owing debt to minor -

Irrevocable transfers to custodian.

A. Subject to the provisions of subsections B and C of this

section, a person not subject to the provisions of Sections 6 or 7

of this act who holds property of or owes a liquidated debt to a

minor not having a guardian may make an irrevocable transfer to a

custodian for the benefit of the minor pursuant to the provisions of

Section 10 of this act.

B. If a person having the right to do so pursuant to the

provisions of Section 4 of this act has nominated a custodian

according to the provisions of Section 4 of this act to receive the

custodial property, the transfer must be made to that person.

C. If no custodian has been nominated pursuant to the

provisions of Section 4 of this act, or all persons nominated as

custodian die before the transfer or are unable, decline, or are

ineligible to serve, a transfer pursuant to the provisions of this

section may be made to an adult member of the minor's family or to a

trust company, unless the property exceeds Ten Thousand Dollars

($10,000.00) in value.