404.021. Single custodianship--but custodian may serve more than one minor.

Single custodianship--but custodian may serve more than one minor.

404.021. A transfer of property under sections 404.005 to404.094 may be made to only one minor and only one person may becustodian of the property transferred. A person may be acustodian of property for more than one minor, but the custodianshall separately hold and administer the custodial property foreach minor.

(L. 1985 S.B. 35, et al. § 2 subsec. 5)