141.011 – SINGLE CUSTODIANSHIP. A transfer may be made
Texas Property Code § 141.011
Summary
This law establishes that a custodial transfer can only be made for one minor and managed by a single custodian. It ensures that all property held for that minor under the same custodian is treated as one custodianship, simplifying management and oversight.
Only one minor can be designated per custodianship.
A single custodian is required for each minor's custodial property.
All property for the same minor under one custodian is unified.
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In simple terms: Learn about Texas's SINGLE CUSTODIANSHIP. A transfer may be made law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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