{"data":{"id":"us-ok/okla.-stat.-tit.-58-58-1221","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 58, § 58-1221","heading":"Minor's death or attainment of majority","body":"A. The custodian shall transfer in an appropriate manner the\n\ncustodial property to the minor, the minor's estate, or the minor's\n\nbeneficiary as prescribed in paragraph 2 of subsection A of Section\n\n1210 of this title upon the earlier of:\n\n1. The minor's attainment of eighteen (18) years of age with\n\nrespect to custodial property transferred pursuant to the provisions\n\nof Section 1205 or 1206 of this title, unless the transfer is\n\ndelayed pursuant to subsection B of this section; or\n\n2. The minor's attainment of majority pursuant to the laws of\n\nthis state with respect to custodial property transferred pursuant\n\nto the provisions of Section 1207 or 1208 of this title; or\n\n3. The minor's death.\n\nB. A transfer required by paragraph 1 of subsection A of this\n\nsection may be delayed until a specified time after the minor\n\nattains eighteen (18) years of age but not later than when the minor\n\nattains twenty-one (21) years of age. The time for a transfer\n\npursuant to this subsection must be specified at the time of the\n\ntransfer whether made under Section 1210 of this title or by will or\n\ntrust and shall be in substantially the following words: \"The\n\ncustodian shall transfer this property to _______ (name of minor)\n\n[on (specified date)] [when (he or she) reaches the age of ______\n\n(age, after eighteen (18) years and at or before twenty-one (21)\n\nyears)].\"\n\nC. To the extent the custodial property consists of deposit\n\naccounts held at a financial institution, if the minor reaches the\n\nage for release and the custodian does not make a timely transfer of\n\nthe property to the minor, the minor may make a request for the\n\naccount-holding financial institution to intervene. The request\n\nfrom the minor shall be signed, dated and in writing, and shall\n\nstate that the minor has reached the age for release and the\n\ncustodian has refused to distribute the remaining funds to the minor\n\nafter being asked to do so by the minor after the minor was entitled\n\nto them. Upon receiving the minor's request, the financial\n\ninstitution may send a written demand to the custodian to transfer\n\nto the minor the funds in any Oklahoma Uniform Transfers to Minors\n\nAct deposit account. If the custodian does not make the\n\ndistribution within thirty (30) days from the date of the financial\n\ninstitution's demand, the financial institution shall have the\n\nauthority to close the account and pay out the funds directly to the\n\nminor without any liability or recourse from any parties.","path":["OK Code","Title 58"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os58.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"e2024abb0f9b82aa0a9a903753488c49bcb266722c4bcc8d107bb3ebd5ca48b7","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-58-58-1220","next":"us-ok/okla.-stat.-tit.-58-58-1222"},"notice":"GroundRules: Original legal text. Not legal advice."}