{"data":{"id":"us-tx/tex.-property-code-141.008","jurisdiction":"us-tx","citation":"Tex. Property Code § 141.008","heading":"TRANSFER BY OBLIGOR.","body":"(a) Subject to Subsections (b) and (c), a person who is not subject to Section 141.006 or 141.007 and who holds property, including a benefit plan of a minor who does not have a guardian, or who owes a liquidated debt to a minor who does not have a guardian may make an irrevocable transfer to a custodian for the benefit of the minor under Section 141.010.\n(b) If a person who has the right to nominate a custodian under Section 141.004 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.\n(c) If a custodian has not been nominated under Section 141.004, or all persons 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 $25,000 in value.\nAmended by Acts 1995, 74th Leg., ch. 1043, Sec. 1, eff. Sept. 1, 1995. Renumbered from Property Code Sec. 8 by Acts 1997, 75th Leg., ch. 165, Sec. 31.01(72), eff. Sept. 1, 1997.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 451 (H.B. 564), Sec. 18, eff. September 1, 2007.\nActs 2015, 84th Leg., R.S., Ch. 622 (S.B. 1202), Sec. 2, eff. September 1, 2015.","path":["PROPERTY CODE","TITLE 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS","SUBTITLE A. PERSONS UNDER DISABILITY","CHAPTER 141. TRANSFERS TO MINORS"],"source_url":"https://statutes.capitol.texas.gov/Docs/PR/htm/PR.141.htm#141.008","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"aba52c8fcee180e8b6d7fd5f39fac46897dc6a75172bb192248fcfcd2fb28381","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-141.007","next":"us-tx/tex.-property-code-141.009"},"notice":"GroundRules: Original legal text. Not legal advice."}