Tex. Prop. Code § 141.008 · Chapter 141. TRANSFERS TO MINORS
TRANSFER BY OBLIGOR.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to Subsections (b) and (c), a person who is not subject to Section 141.006 or 141.007 and who holds property, including a benefit plan of a minor who does not have a guardian, or who owes a liquidated debt to a minor who does not have a guardian may make an irrevocable transfer to a custodian for the benefit of the minor under Section 141.010.
(b) If a person who has the right to nominate a custodian under Section 141.004 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.
(c) If a custodian has not been nominated under Section 141.004, or all persons 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 $25,000 in value.
Notes and commentary — not statutory text
History
Amended by Acts 1995, 74th Leg., ch. 1043, Sec. 1, eff. Sept. 1, 1995. Renumbered from Property Code Sec. 8 by Acts 1997, 75th Leg., ch. 165, Sec. 31.01(72), eff. Sept. 1, 1997.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 451 (H.B. 564), Sec. 18, eff. September 1, 2007.
Acts 2015, 84th Leg., R.S., Ch. 622 (S.B. 1202), Sec. 2, eff. September 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.141.htm
- Text hash
- sha256 dc9cb7ce1956d07a8a598c0312190fdc1c404bec8003599818bff63ece16d6cb
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Property Code
- Tex. Prop. Code § 141.004NOMINATION OF CUSTODIAN.Printed as Section 141.004
- Tex. Prop. Code § 141.006TRANSFER AUTHORIZED BY WILL OR TRUST.Printed as Section 141.006 or 141.007
- Tex. Prop. Code § 141.007OTHER TRANSFER BY FIDUCIARY.Printed as Section 141.006 or 141.007
- Tex. Prop. Code § 141.010MANNER OF CREATING CUSTODIAL PROPERTY AND EFFECTING TRANSFER; DESIGNATION OF INITIAL CUSTODIAN; CONTROL.Printed as Section 141.010
Cited by 1 provision
Provisions in this library whose text cites Tex. Prop. Code § 141.008. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.