141.021 – TERMINATION OF CUSTODIANSHIP. The custodian
Texas Property Code § 141.021
Summary
This law outlines the conditions under which a custodian must transfer custodial property to a minor or their estate. It primarily affects custodians managing property for minors, specifying the age at which the transfer must occur.
Custodial property transfers when the minor turns 21 or reaches the age of majority.
Applies to property transferred under specific sections of the law.
Custodians must act appropriately to ensure proper transfer.
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In simple terms: Learn about Texas's TERMINATION OF CUSTODIANSHIP. The custodian 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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