{"data":{"id":"us-va/va.-code-64.2-1906","jurisdiction":"us-va","citation":"Va. Code § 64.2-1906","heading":"Transfer by obligor","body":"A. Subject to subsections B and C, a person not subject to § 64.2-1904 or 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 § 64.2-1908.B. If a person having the right to do so under § 64.2-1902 has nominated a custodian under that section to receive the custodial property, the transfer shall be made to that person.C. If no custodian has been nominated under § 64.2-1902, 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 $35,000 in value, in which event the transfer may be made if authorized by the court.1988, c. 516, § 31-43; 2012, c. 614; 2014, c. 532; 2025, c. 148.","path":["Title 64.2. Wills, Trusts, and Fiduciaries","Subtitle IV. Fiduciaries and Guardians","Part C. Guardianship of Minor","Chapter 19. Virginia Uniform Transfers to Minors Act"],"source_url":"https://law.lis.virginia.gov/vacode/64.2-1906/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:18:14Z","sha256":"e4a9587100f316f7066fdff3f391799763416bba7576c9d13adf2f3cbb0465e2","source_id":"us-va","stale":true,"prev":"us-va/va.-code-64.2-1905","next":"us-va/va.-code-64.2-1907"},"notice":"GroundRules: Original legal text. Not legal advice."}