Idaho § 68-807 - Transfer by obligor
Full text of Idaho Idaho Statutes § 68-807 — Transfer by obligor, with citation guidance and answers to common questions.
§ 68-807. Transfer by obligor
(1) Subject to subsections (2) and (3), a person not subject to the provisions of either section 68-805 or 68-806 , Idaho Code, 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 section 68-809 , Idaho Code.
(2) If a person having the right to do so under section 68-803 , Idaho Code, has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
(3) If no custodian has been nominated under section 68-803 , Idaho Code, 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’s family or to a trust company unless the property exceeds ten thousand dollars ($10,000) in value.
[68-807, added 1984, ch. 152, sec. 2, p. 360.]
Frequently Asked Questions About Idaho § 68-807
What does Idaho Statutes § 68-807 cover?
Section 68-807 ("Transfer by obligor") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 68-807?
A common citation format is "Idaho Statutes § 68-807" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 68-807 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.