{"data":{"id":"us-nd/n.d.-cent.-code-47-24.1-07","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 47-24.1-07","heading":"Transfer by obligor","body":"1.Subject to subsections 2 and 3, a person not subject to section 47-24.1-05 or 47-24.1-06 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 47-24.1-09.\n2.If a person having the right to do so under section 47-24.1-03 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.\n3.If no custodian has been nominated under section 47-24.1-03, 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 ten thousand dollars in value.","path":["Title 47 Property","Chapter 47-24.1 Uniform Transfers To Minors Act"],"source_url":"https://ndlegis.gov/cencode/t47c24-1.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"53ddb86633977e233e7dc0914bf895b77cac9d43fff3780081def8276fd3a2eb","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-47-24.1-06","next":"us-nd/n.d.-cent.-code-47-24.1-08"},"notice":"GroundRules: Original legal text. Not legal advice."}