{"data":{"id":"us-ia/iowa-code-565b.7","jurisdiction":"us-ia","citation":"Iowa Code § 565B.7","heading":"Transfer by obligor.","body":"1. Subject to subsections 2 and 3, a person not subject to section 565B.5 or 565B.6 who holds property of, or owes a liquidated debt to, a minor not having a conservator, may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to section 565B.9.\n2. If a person having the right to do so under section 565B.3 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.\n3. If a custodian has not been nominated under section 565B.3, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor’s family or to a trust company unless the property exceeds twenty-five thousand dollars in value.\n4. A person making a distribution under this section is relieved of all accountability with respect to the property once the property has been distributed.\n5. This section does not apply to any amounts due a minor for services rendered by the minor.","path":["Title XIV - PROPERTY (Ch. 555 - 594A)","Chapter 565B - TRANSFERS TO MINORS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/565B.7.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"0bf508691801eb68c8e94dcc14e29b266ce1d5b7c3464530d07e48d51e3ec39f","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-565b.6","next":"us-ia/iowa-code-565b.8"},"notice":"GroundRules: Original legal text. Not legal advice."}