Ohio § 5814.09

§ 5814.09.

(A) Subject to the requirements and limitations of this section, the time for delivery

to the minor of custodial property transferred under or pursuant to division (A) of section 5814.02 of the Revised Code may be delayed until a specified time after the minor attains the age of twenty-one

years, which time shall be specified in the written instrument that makes or provides

for the gift or transfer pursuant to divisions (A)(1) to (9) of section 5814.02 of

the Revised Code. (B) To specify a delayed time for delivery to the minor of the custodial property, the

words “as custodian for .................... (name of minor) until age .................... (age of delivery of property to minor) under the Ohio Transfers to Minors Act,” shall

be substituted in substance for the words “as custodian for .................... (name of minor) under the Ohio Transfers to Minors Act.” (C) The time for delivery to the minor of custodial property transferred under a will,

trust instrument, or irrevocable exercise of a testamentary power of appointment may

be delayed under this section only if the governing will, trust, or exercise of the

power of appointment provides in substance that the custodianship is to continue until

the time the minor attains a specified age, which time shall not be later than the

date the minor attains the age of twenty-five years. (D) If the custodial property is transferred by inter vivos gift and the time for delivery

of the custodial property to the minor is delayed beyond the time the minor attains

the age of twenty-one years, the custodian, nevertheless, shall deliver the custodial

property to the minor if requested in writing by the minor within sixty days of the

minor attaining the age of twenty-one years, unless the donor or transferor, in the

written instrument of gift or transfer pursuant to divisions (A)(1) to (9) of section

5814.02 of the Revised Code, provides that the custodial property may not be delivered

to the minor prior to attaining the specified age of delivery, which time shall not

be later than the date the minor attains the age of twenty-five years. (E) If the time for delivery to the minor of custodial property is delayed until a specified

time after the minor attains the age of twenty-one years and the minor dies prior

to attaining that age, the custodian shall, upon the minor's death, deliver the custodial

property to the estate of the minor. (F) A custodian may not commingle the assets of custodial property that have different

delivery dates.