Vermont § 3213 - Nomination of custodian

§ 3213. Nomination of custodian

• (a) A person having the right to designate the recipient of property transferable upon
  the occurrence of a future event may revocably nominate a custodian to receive the
  property for a minor beneficiary upon the occurrence of the event by naming the custodian,
  followed in substance by the words: “as custodian for ____ (name of minor) under the Vermont Uniform Transfers to Minors Act.” The nomination
  may name one or more persons as substitute custodians to whom the property must be
  transferred, in the order named, if the first nominated custodian dies before the
  transfer or is unable, declines, or is ineligible to serve. The nomination may be
  made in a will, a trust, a deed, an instrument exercising a power of appointment,
  or in a writing designating a beneficiary of contractual rights that is registered
  with or delivered to the payor, issuer, or other obligor of the contractual rights. (b) A custodian nominated under this section must be a person to whom a transfer of property
  of that kind may be made under subsection 3219(a) of this title. (c) The nomination of a custodian under this section does not create custodial property
  until the nominating instrument becomes irrevocable or a transfer to the nominated
  custodian is completed under section 3219 of this title. Unless the nomination of a custodian has been revoked, upon the occurrence of the
  future event, the custodianship becomes effective, and the custodian shall enforce
  a transfer of the custodial property pursuant to section 3219 of this title. (Added 2015, No. 7, § 1.)