{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-1906.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-1906.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-1906.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-1906.html"}],"law_id":61196,"edition_id":1,"section_id":61196,"structure_id":14685,"section_number":"64.2-1906","catch_line":"Transfer by obligor","history":"1988, c. 516, \u00a7 31-43; 2012, c. 614; 2014, c. 532; 2025, c. 148.","full_text":"A\n\nSubject to subsections B and C, a person not subject to &#xA7; 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 &#xA7; 64.2-1908.B\n\nIf a person having the right to do so under &#xA7; 64.2-1902 has nominated a custodian under that section to receive the custodial property, the transfer shall be made to that person.C\n\nIf no custodian has been nominated under &#xA7; 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&#8217;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.","order_by":null,"text":{"0":{"id":223650,"text":"Subject to subsections B and C, a person not subject to &#xA7; 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 &#xA7; 64.2-1908.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":223651,"text":"If a person having the right to do so under &#xA7; 64.2-1902 has nominated a custodian under that section to receive the custodial property, the transfer shall be made to that person.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":223652,"text":"If no custodian has been nominated under &#xA7; 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&#8217;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.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14685,"edition_id":1,"name":"Virginia Uniform Transfers to Minors Act","identifier":"19","label":"chapter","depth":4,"order_by":1,"parent_id":13807,"metadata":{},"date_created":"2026-06-26 03:49:21","date_modified":"2026-06-26 03:49:21","permalink":{"id":275399,"object_type":"structure","relational_id":14685,"identifier":"19","token":"64.2\/IV\/C\/19","url":"\/64.2\/IV\/C\/19\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13807,"edition_id":1,"name":"Guardianship of Minor","identifier":"C","label":"part","depth":3,"order_by":1,"parent_id":12905,"metadata":{},"date_created":"2026-06-26 03:45:56","date_modified":"2026-06-26 03:45:56","permalink":{"id":275337,"object_type":"structure","relational_id":13807,"identifier":"C","token":"64.2\/IV\/C","url":"\/64.2\/IV\/C\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12905,"edition_id":1,"name":"Fiduciaries and Guardians","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12723,"metadata":{},"date_created":"2026-06-26 03:44:00","date_modified":"2026-06-26 03:44:00","permalink":{"id":274813,"object_type":"structure","relational_id":12905,"identifier":"IV","token":"64.2\/IV","url":"\/64.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12723,"edition_id":1,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":272781,"object_type":"structure","relational_id":12723,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65466,"structure_id":14685,"section_number":"64.2-1900","catch_line":"Definitions","url":"\/64.2-1900\/","token":"64.2\/IV\/C\/19\/64.2-1900","metadata":false},{"id":60782,"structure_id":14685,"section_number":"64.2-1901","catch_line":"Scope and jurisdiction","url":"\/64.2-1901\/","token":"64.2\/IV\/C\/19\/64.2-1901","metadata":false},{"id":74303,"structure_id":14685,"section_number":"64.2-1902","catch_line":"Nomination of custodian","url":"\/64.2-1902\/","token":"64.2\/IV\/C\/19\/64.2-1902","metadata":false},{"id":77870,"structure_id":14685,"section_number":"64.2-1903","catch_line":"Transfer by gift or exercise of power of appointment","url":"\/64.2-1903\/","token":"64.2\/IV\/C\/19\/64.2-1903","metadata":false},{"id":79169,"structure_id":14685,"section_number":"64.2-1904","catch_line":"Transfer authorized by will or trust","url":"\/64.2-1904\/","token":"64.2\/IV\/C\/19\/64.2-1904","metadata":false},{"id":79226,"structure_id":14685,"section_number":"64.2-1905","catch_line":"Other transfer by fiduciary","url":"\/64.2-1905\/","token":"64.2\/IV\/C\/19\/64.2-1905","metadata":false},{"id":61196,"structure_id":14685,"section_number":"64.2-1906","catch_line":"Transfer by obligor","url":"\/64.2-1906\/","token":"64.2\/IV\/C\/19\/64.2-1906","metadata":false},{"id":83598,"structure_id":14685,"section_number":"64.2-1907","catch_line":"Receipt for custodial property","url":"\/64.2-1907\/","token":"64.2\/IV\/C\/19\/64.2-1907","metadata":false},{"id":82555,"structure_id":14685,"section_number":"64.2-1908","catch_line":"Manner of creating custodial property and effecting transfer; designation of initial custodian; control","url":"\/64.2-1908\/","token":"64.2\/IV\/C\/19\/64.2-1908","metadata":false},{"id":62208,"structure_id":14685,"section_number":"64.2-1909","catch_line":"Single and joint custodians","url":"\/64.2-1909\/","token":"64.2\/IV\/C\/19\/64.2-1909","metadata":false},{"id":78444,"structure_id":14685,"section_number":"64.2-1910","catch_line":"Validity and effect of transfer","url":"\/64.2-1910\/","token":"64.2\/IV\/C\/19\/64.2-1910","metadata":false},{"id":56318,"structure_id":14685,"section_number":"64.2-1911","catch_line":"Care of custodial property; duties of custodian","url":"\/64.2-1911\/","token":"64.2\/IV\/C\/19\/64.2-1911","metadata":false},{"id":83168,"structure_id":14685,"section_number":"64.2-1912","catch_line":"Powers of custodian","url":"\/64.2-1912\/","token":"64.2\/IV\/C\/19\/64.2-1912","metadata":false},{"id":60473,"structure_id":14685,"section_number":"64.2-1913","catch_line":"Use of custodial property","url":"\/64.2-1913\/","token":"64.2\/IV\/C\/19\/64.2-1913","metadata":false},{"id":78698,"structure_id":14685,"section_number":"64.2-1914","catch_line":"Custodian's expenses, compensation, and bond","url":"\/64.2-1914\/","token":"64.2\/IV\/C\/19\/64.2-1914","metadata":false},{"id":64823,"structure_id":14685,"section_number":"64.2-1915","catch_line":"Exemption of third person from liability","url":"\/64.2-1915\/","token":"64.2\/IV\/C\/19\/64.2-1915","metadata":false},{"id":59272,"structure_id":14685,"section_number":"64.2-1916","catch_line":"Liability to third persons","url":"\/64.2-1916\/","token":"64.2\/IV\/C\/19\/64.2-1916","metadata":false},{"id":69800,"structure_id":14685,"section_number":"64.2-1917","catch_line":"Renunciation, resignation, death, or removal of custodian; designation of successor custodian","url":"\/64.2-1917\/","token":"64.2\/IV\/C\/19\/64.2-1917","metadata":false},{"id":65755,"structure_id":14685,"section_number":"64.2-1918","catch_line":"Accounting by and determination of liability of custodian","url":"\/64.2-1918\/","token":"64.2\/IV\/C\/19\/64.2-1918","metadata":false},{"id":70368,"structure_id":14685,"section_number":"64.2-1919","catch_line":"Termination of custodianship","url":"\/64.2-1919\/","token":"64.2\/IV\/C\/19\/64.2-1919","metadata":false},{"id":62696,"structure_id":14685,"section_number":"64.2-1920","catch_line":"Applicability","url":"\/64.2-1920\/","token":"64.2\/IV\/C\/19\/64.2-1920","metadata":false},{"id":70217,"structure_id":14685,"section_number":"64.2-1921","catch_line":"Effect on existing custodianships","url":"\/64.2-1921\/","token":"64.2\/IV\/C\/19\/64.2-1921","metadata":false},{"id":58715,"structure_id":14685,"section_number":"64.2-1922","catch_line":"Uniformity of application and construction","url":"\/64.2-1922\/","token":"64.2\/IV\/C\/19\/64.2-1922","metadata":false}],"previous_section":{"id":79226,"structure_id":14685,"section_number":"64.2-1905","catch_line":"Other transfer by fiduciary","url":"\/64.2-1905\/","token":"64.2\/IV\/C\/19\/64.2-1905","metadata":false},"next_section":{"id":83598,"structure_id":14685,"section_number":"64.2-1907","catch_line":"Receipt for custodial property","url":"\/64.2-1907\/","token":"64.2\/IV\/C\/19\/64.2-1907","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1906\/","history_text":"<p>This law was first created in 1988. The record of its establishment is cataloged in chapter 516 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1988 \u201cActs\u201d aren\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2012, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0614\">614<\/a>; in 2014, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?141+ful+CHAP0532\">532<\/a>; in 2025, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?251+ful+CHAP0148\">148<\/a>.<\/p>","references":false,"refers_to":[{"id":74303,"section_number":"64.2-1902","catch_line":"Nomination of custodian","order_by":null,"url":"\/64.2-1902\/"},{"id":79169,"section_number":"64.2-1904","catch_line":"Transfer authorized by will or trust","order_by":null,"url":"\/64.2-1904\/"}],"permalink":{"id":275425,"object_type":"law","relational_id":61196,"identifier":"64.2-1906","token":"64.2\/IV\/C\/19\/64.2-1906","url":"\/64.2-1906\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-1906\/","token":"64.2\/IV\/C\/19\/64.2-1906","dublin_core":{"Title":"Transfer by obligor","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1906","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> Subject to subsections B and C, a <span class=\"dictionary\">person<\/span> not subject to &#xA7; <a class=\"law\" title=\"Transfer authorized by will or trust\" href=\"\/64.2-1904\/\">64.2-1904<\/a> or who holds property of or owes a liquidated debt to a <span class=\"dictionary\">minor<\/span> not having a <span class=\"dictionary\">conservator<\/span> may make an irrevocable <span class=\"dictionary\">transfer<\/span> to a <span class=\"dictionary\">custodian<\/span> for the benefit of the <span class=\"dictionary\">minor<\/span> pursuant to &#xA7; <a class=\"law\" title=\"Manner of creating custodial property and effecting transfer; designation of initial custodian; control\" href=\"\/64.2-1908\/\">64.2-1908<\/a>. <a id=\"paragraph-223650\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-1906\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> If a <span class=\"dictionary\">person<\/span> having the right to do so under &#xA7; <a class=\"law\" title=\"Nomination of custodian\" href=\"\/64.2-1902\/\">64.2-1902<\/a> has nominated a <span class=\"dictionary\">custodian<\/span> under that section to receive the <span class=\"dictionary\">custodial property<\/span>, the <span class=\"dictionary\">transfer<\/span> shall be made to that <span class=\"dictionary\">person<\/span>. <a id=\"paragraph-223651\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-1906\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> If no <span class=\"dictionary\">custodian<\/span> has been nominated under &#xA7; <a class=\"law\" title=\"Nomination of custodian\" href=\"\/64.2-1902\/\">64.2-1902<\/a>, or all <span class=\"dictionary\">persons<\/span> so nominated as <span class=\"dictionary\">custodian<\/span> die before the <span class=\"dictionary\">transfer<\/span> or are unable, decline, or are ineligible to serve, a <span class=\"dictionary\">transfer<\/span> under this section may be made to an <span class=\"dictionary\">adult<\/span> member of the <span class=\"dictionary\">minor<\/span>&#8217;s family or to a <span class=\"dictionary\">trust company<\/span> unless the property exceeds $35,000 in <span class=\"dictionary\">value<\/span>, in which event the <span class=\"dictionary\">transfer<\/span> may be made if authorized by the <span class=\"dictionary\">court<\/span>. <a id=\"paragraph-223652\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/64.2-1906\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nTRANSFER BY OBLIGOR (\u00a7 64.2-1906)\n\nA. Subject to subsections B and C, a person not subject to &#xA7; 64.2-1904 or\nwho holds property of or owes a liquidated debt to a minor not having a\nconservator may make an irrevocable transfer to a custodian for the benefit of\nthe minor pursuant to &#xA7; 64.2-1908.\n\nB. If a person having the right to do so under &#xA7; 64.2-1902 has nominated a\ncustodian under that section to receive the custodial property, the transfer\nshall be made to that person.\n\nC. If no custodian has been nominated under &#xA7; 64.2-1902, or all persons so\nnominated as custodian die before the transfer or are unable, decline, or are\nineligible to serve, a transfer under this section may be made to an adult\nmember of the minor&#8217;s family or to a trust company unless the property\nexceeds $35,000 in value, in which event the transfer may be made if authorized\nby the court.\n\nHISTORY: 1988, c. 516, \u00a7 31-43; 2012, c. 614; 2014, c. 532; 2025, c. 148.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}