{"data":{"id":"us-pa/20-pa.c.s.-5307","jurisdiction":"us-pa","citation":"20 Pa.C.S. § 5307","heading":"Transfer by obligor.","body":"(a) Irrevocable transfer for benefit of minor.--Subject to subsections (b) and (c), a person not subject to section 5305 (relating to transfer authorized by will or trust) or 5306 (relating to other transfer by fiduciary) 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 section 5309 (relating to manner of creating custodial property and effecting transfer).\n(b) Transfer to custodian.--If a person having the right to do so under section 5303 (relating to nomination of custodian) has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.\n(c) Transfer to minor's family or trust company.--If no custodian has been nominated under section 5303 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 $10,000 in value.","path":["Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES","CHAPTER 53 PENNSYLVANIA UNIFORM TRANSFERS TO MINORS ACT"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=20\u0026div=0\u0026chpt=53\u0026sctn=7\u0026subsctn=0","current_through":"2026-03-18 (Statute Update stamp, 20 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:33Z","sha256":"5b89d31fb3c0dd7e7a68c54b95ec3e432af3cbe6ba4b303ac6d306227ba9dfb3","source_id":"us-pa","stale":false,"prev":"us-pa/20-pa.c.s.-5306","next":"us-pa/20-pa.c.s.-5308"},"notice":"GroundRules: Original legal text. Not legal advice."}