Single custodianship · as in force on May 31, 2026
§ 7-6.10 Single custodianship
A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this part by the same custodian for the benefit of the same minor constitutes a single custodianship.
Each transfer may benefit only 1 minor and have only 1 custodian. ★ All property held by the same custodian for the same minor forms a single custodianship.
Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.
This provision appears in Volume 1 — The Surrogate's Court in Plain English; Volume 3 — The Surrogate's Court: Court Rules & the EPTL; Volume 5 — Your Career: Surrogate's Court in Plain English.