Custodial property definition

Custodial property means an interest in property transferred to a custodian under this act and the income from, and proceeds of, that interest in property.
Custodial property means property transferred to a custodian for a minor under the provisions of
Custodial property means (i) any interest in property transferred to a custodian under this article and (ii) the income from and proceeds of that interest in property.

Examples of Custodial property in a sentence

  • Custodial property consisting of an undivided interest is so identified if the minor's interest is held as a tenant in common and is fixed.

  • Custodial property consisting of an undivided interest is so identified if the minor’s interest is held as a tenant in common and is fixed.

  • Custodial property subject to recordation is so identified if it is recorded.

  • Custodial property held under this act by the same custodian for the benefit of the same minor constitutes a single custodianship.History: 1998, Act 433, Imd.

  • Custodial property may be leased pending fore- closure with the servicing official ap- proving the lease on behalf of the Agency.(2) Inventory property.


More Definitions of Custodial property

Custodial property means any interest in property trans- ferred to a custodian under ss. 54.854 to 54.898 and the income from and proceeds of that interest in property.
Custodial property means (a) any interest in property
Custodial property means both of the following:
Custodial property means any interest in property trans- ferred to a custodian under ss. 880.61 to 880.72 and the income from and proceeds of that interest in property.
Custodial property shall have the meaning specified in Section 2.02(a);
Custodial property means an interest in property
Custodial property means an interest in property that is transferred to a custodian pursuant to this article and income from and proceeds of that interest in property.