reglab/housing_qa huggingface dataset:
58 OK Stat § 58-1209 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1209. Acknowledgment of delivery.

|A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to the provisions of the Oklahoma Uniform Transfers to Minors Act. |Added by Laws 1986, c. 261, § 9, eff. Nov. 1, 1986.
58 OK Stat § 58-1211 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1211. Limitations on transfers.

|A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held according to the provisions of the Oklahoma Uniform Transfers to Minors Act by the same custodian for the benefit of the same minor constitutes a single custodianship. |Added by Laws 1986, c. 261, § 11, eff. Nov. 1, 1986.
58 OK Stat § 58-1212 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1212. Validity and effect of transfers.

|A. The validity of a transfer made in a manner prescribed in the Oklahoma Uniform Transfers to Minors Act is not affected by: |1.failure of the transferor to comply with subsection C of Section 10 of this act concerning possession and control; or2.designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian pursuant to the provisions of subsection A of Section 10 of this act; or3.death or incapacity of a person nominated pursuant to the provisions of Section 4 of this act or designated according to the provisions of Section 10 of this act as custodian or the disclaimer of the office by that person.B. A transfer made pursuant to the provisions of Section 10 of this act is irrevocable, and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties, and authority provided for in the Oklahoma Uniform Transfers to Minors Act, and neither the minor nor the minor's legal representative has any right, power, duty, or authority with respect to the custodial property except as provided for in the Oklahoma Uniform Transfers to Minors Act.C. By making a transfer, the transferor incorporates in the disposition all the provisions of the Oklahoma Uniform Transfers to Minors Act and grants to the custodian, and to any third person dealing with a person designated as custodian, the respective powers, rights, and immunities provided for in the Oklahoma Uniform Transfers to Minors Act.Added by Laws 1986, c. 261, § 12, eff. Nov. 1, 1986.
58 OK Stat § 58-1213 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1213. Powers and duties of custodians.

|A. A custodian shall: |1. take control of custodial property;2. register or record title to custodial property if appropriate; and3. collect, hold, manage, invest, and reinvest custodial property.B. In dealing with custodial property, a custodian shall observe the standard of care that would be observed by a prudent person dealing with property of another and is not limited by any other statute restricting investments by fiduciaries. If a custodian has a special skill or expertise or is named custodian on the basis of representations of a special skill or expertise, the custodian shall use that skill or expertise. However, a custodian, in the custodian's discretion and without liability to the minor or the minor's estate, may retain any custodial property received from a transferor.C. A custodian may invest in or pay premiums on life insurance or endowment policies on:1. the life of the minor only if the minor or the minor's estate is the sole beneficiary, or2. the life of another person in whom the minor has an insurable interest only to the extent that the minor, the minor's estate, or the custodian in the capacity of custodian, is the irrevocable beneficiary.D. A custodian at all times shall keep custodial property separate and distinct from all other property in a manner sufficient to identify it clearly as custodial property of the minor. Custodial property consisting of an undivided interest is so identified if the minor's interest is held as a tenant in common and is fixed. Custodial property subject to recordation is so identified if it is recorded, and custodial property subject to registration is so identified if it is either registered, or held in an account designated, in the name of the custodian, following in substance by the words: "as a custodian for __________________ (name of minor) under the Oklahoma Uniform Transfers to Minors Act."E. A custodian shall keep records of all transactions with respect to custodial property, including information necessary for the preparation of the minor's tax returns, and shall make them available for inspection at reasonable intervals by a parent or legal representative of the minor or by the minor if the minor has attained the age of fourteen (14) years.Added by Laws 1986, c. 261, § 13, eff. Nov. 1, 1986.
58 OK Stat § 58-1214 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1214. Rights, powers and authority of custodians over property.

|A. A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own property, but a custodian may exercise those rights, powers and authority in that capacity only. |B. The provisions of this section do not relieve a custodian from liability for breach of the provisions of Section 13 of this act.Added by Laws 1986, c. 261, § 14, eff. Nov. 1, 1986.
58 OK Stat § 58-1215 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1215. Delivery or payment to minor - Expenditures for minor's benefit.

|A. A custodian may deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the custodian considers advisable for the use and benefit of the minor, without court order and without regard to: |1. the duty or ability of the custodian personally or of any other person to support the minor, or2. any other income or property of the minor which may be applicable or available for that purpose.B. On petition of an interested person or the minor if the minor has attained the age of fourteen (14) years, the court may order the custodian to deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the court considers advisable for the use and benefit of the minor.C. A delivery, payment, or expenditure pursuant to the provisions of this section is in addition to, not in substitution for, and does not affect any obligation of a person to support the minor.Added by Laws 1986, c. 261, § 15, eff. Nov. 1, 1986.
58 OK Stat § 58-1216 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1216. Expenses and compensation of custodian - Bond.

|A. A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties. |B. Except for one who is a transferor pursuant to the provisions of Section 5 of this act, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.C. Except as provided for in subsection F of Section 19 of this act, a custodian need not give a bond.Added by Laws 1986, c. 261, § 16, eff. Nov. 1, 1986.
58 OK Stat § 58-1217 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1217. Persons dealing with purported custodian - Responsibilities.

|A third person in good faith and without court order may act on the instructions of or otherwise deal with any person purporting to make a transfer or purporting to act in the capacity of a custodian and, in the absence of knowledge, is not responsible for determining: |1. the validity of the purported custodian's designation; or2. the propriety of, or the authority pursuant to the provisions of the Oklahoma Uniform Transfers to Minors Act for, any act of the purported custodian; or3. the validity or propriety pursuant to the provisions of the Oklahoma Uniform Transfers to Minors Act of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or4. the propriety of the application of any property of the minor delivered to the purported custodian.Added by Laws 1986, c. 261, § 17, eff. Nov. 1, 1986.
58 OK Stat § 58-1218 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1218. Claims against custodial property - Liability of custodian or minor.

|A. A claim based on: |1. a contract entered into by a custodian acting in a custodial capacity, or2. an obligation arising from the ownership or control of custodial property, or3. a tort committed during the custodianship,may be asserted against the custodial property by proceeding against the custodian in the custodial capacity, whether or not the custodian or the minor is personally liable therefor.B. A custodian is not personally liable:1. on a contract properly entered into in the custodial capacity unless the custodian fails to reveal that capacity and to identify the custodianship in the contract; or2. for an obligation arising from control of custodial property or for a tort committed during the custodianship unless the custodian is personally at fault.C. A minor is not personally liable for an obligation arising from ownership of custodial property or for a tort committed during the custodianship unless the minor is personally at fault.Added by Laws 1986, c. 261, § 18, eff. Nov. 1, 1986.
58 OK Stat § 58-1220 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1220. Accounting by custodian.

|A. A minor who has attained the age of fourteen (14) years, the minor's guardian of the person or legal representative, an adult member of the minor's family, a transferor, or a transferor's legal representative may petition the court: |1. for an accounting by the custodian or the custodian's legal representative; or2. for a determination of responsibility, as between the custodial property and the custodian personally, for claims against the custodial property unless the responsibility has been adjudicated in an action pursuant to the provisions of Section 18 of this act to which the minor or the minor's legal representative was a party.B. A successor custodian may petition the court for an accounting by the predecessor custodian.C. The court, in a proceeding pursuant to the provisions of the Oklahoma Uniform Transfers to Minors Act or in any other proceeding, may require or permit the custodian or the custodian's legal representative to account.D. If a custodian is removed according to the provisions of subsection F of Section 19 of this act, the court shall require an accounting and order delivery of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property.Added by Laws 1986, c. 261, § 20, eff. Nov. 1, 1986.
58 OK Stat § 58-1221 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1221. Minor's death or attainment of majority.

|A. The custodian shall transfer in an appropriate manner the custodial property to the minor, the minor's estate, or the minor's beneficiary as prescribed in paragraph 2 of subsection A of Section 1210 of this title upon the earlier of: |1. The minor's attainment of eighteen (18) years of age with respect to custodial property transferred pursuant to the provisions of Section 1205 or 1206 of this title, unless the transfer is delayed pursuant to subsection B of this section; or2. The minor's attainment of majority pursuant to the laws of this state with respect to custodial property transferred pursuant to the provisions of Section 1207 or 1208 of this title; or3. The minor's death.B. A transfer required by paragraph 1 of subsection A of this section may be delayed until a specified time after the minor attains eighteen (18) years of age but not later than when the minor attains twenty-one (21) years of age. The time for a transfer pursuant to this subsection must be specified at the time of the transfer whether made under Section 1210 of this title or by will or trust and shall be in substantially the following words: "The custodian shall transfer this property to _______ (name of minor) [on (specified date)] [when (he or she) reaches the age of ______ (age, after eighteen (18) years and at or before twenty-one (21) years)]."C. To the extent the custodial property consists of deposit accounts held at a financial institution, if the minor reaches the age for release and the custodian does not make a timely transfer of the property to the minor, the minor may make a request for the account-holding financial institution to intervene. The request from the minor shall be signed, dated and in writing, and shall state that the minor has reached the age for release and the custodian has refused to distribute the remaining funds to the minor after being asked to do so by the minor after the minor was entitled to them. Upon receiving the minor's request, the financial institution may send a written demand to the custodian to transfer to the minor the funds in any Oklahoma Uniform Transfers to Minors Act deposit account. If the custodian does not make the distribution within thirty (30) days from the date of the financial institution's demand, the financial institution shall have the authority to close the account and pay out the funds directly to the minor without any liability or recourse from any parties.Added by Laws 1986, c. 261, § 21, eff. Nov. 1, 1986. Amended by Laws 1993, c. 158, § 4, eff. Sept. 1, 1993; Laws 2015, c. 38, § 1, eff. Nov. 1, 2015.
58 OK Stat § 58-1222 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1222. Transfer under other laws after effective date of act.

|The Oklahoma Uniform Transfers to Minors Act applies to a transfer within the scope of the provisions of Section 3 of this act which is made after the effective date of this act if: |1. the transfer purports to have been made according to the provisions of the Oklahoma Uniform Gifts to Minors Act; or2. the instrument by which the transfer purports to have been made uses in substance the designation "as custodian under the Uniform Gifts to Minors Act" or "as custodian under the Uniform Transfers to Minors Act" of any other state, and the application of the Oklahoma Uniform Transfers to Minors Act is necessary to validate the transfer.Added by Laws 1986, c. 261, § 22, eff. Nov. 1, 1986.
58 OK Stat § 58-1223 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1223. Transfers under other law prior to effective date.

|A. Any transfer of custodial property as that term is defined in the Oklahoma Uniform Transfers to Minors Act made before the effective date of this act is validated although there was no specific authority in the Oklahoma Uniform Gifts to Minors Act for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made. |B. The Oklahoma Uniform Transfers to Minors Act applies to all transfers made before the effective date of this act in a manner and form prescribed in the Oklahoma Uniform Gifts to Minors Act, except insofar as the application impairs constitutionally vested rights or extends the duration of custodianships in existence on the effective date of this act.C. A transfer that purports to be made and which is valid under the Uniform Transfers to Minors Act, the Uniform Gifts to Minors Act, or a substantially similar act, of another state is governed by the law of the designated state and may be executed and is enforceable in this state if at the time of the transfer, the transferor, the minor, or the custodian is a resident of the designated state or the custodial property is located in the designated state.D. With respect to the age of a minor for whom custodial property is held under the Oklahoma Uniform Transfers to Minors Act, paragraphs 1 and 11 of Section 1202 and paragraph 1 of subsection A of Section 1221 of this title do not apply to custodial property held in a custodianship which terminated because of the minor's attainment of the age of eighteen (18) years after November 1, 1986 and before September 1, 1993.Added by Laws 1986, c. 261, § 23, eff. Nov. 1, 1986. Amended by Laws 1993, c. 158, § 5, eff. Sept. 1, 1993.
58 OK Stat § 58-1224 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1224. Application and construction.

|The Oklahoma Uniform Transfers to Minors Act shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this act among states enacting it. |Added by Laws 1986, c. 261, § 24, eff. Nov. 1, 1986.
58 OK Stat § 58-1225 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1225. Inapplicability of law to certain transfers - Effect.

|To the extent that the Oklahoma Uniform Transfers to Minors Act, by virtue of subsection B of Section 23 of this act, does not apply to transfers made in a manner prescribed in the Oklahoma Uniform Gifts to Minors Act or to the powers, duties, and immunities conferred by transfers in that manner upon custodians and persons dealing with custodians, the repeal of Sections 401 through 410 and Sections 415 through 419 of Title 60 of the Oklahoma Statutes does not affect those transfers or those powers, duties, and immunities. |Added by Laws 1986, c. 261, § 25, eff. Nov. 1, 1986.
58 OK Stat § 58-1251 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1251. Short title.

|Sections 1 through 8 of this act shall be known and may be cited as the “Nontestamentary Transfer of Property Act”. |Added by Laws 2008, c. 78, § 1, eff. Nov. 1, 2008.
58 OK Stat § 58-1252 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1252. Transfer-on-death deed - Notice to beneficiary - Acceptance of transfer-on-death deed.

|A. An interest in real estate may be titled in transfer-on-death form by recording a deed, signed by the record owner of the interest, designating a grantee beneficiary or beneficiaries of the interest. The deed shall transfer ownership of the interest upon the death of the owner. A transfer-on-death deed need not be supported by consideration. For purposes of the Nontestamentary Transfer of Property Act, an "interest in real estate" means any estate or interest in, over or under land, including surface, minerals, structures and fixtures. |B. The signature, consent or agreement of or notice to a grantee beneficiary or beneficiaries of a transfer-on-death deed shall not be required for any purpose during the lifetime of the record owner.C. To accept real estate pursuant to a transfer-on-death deed, a designated grantee beneficiary shall execute an affidavit affirming:1. Verification of the record owner's death;2. Whether the record owner and the designated beneficiary were married at the time of the record owner's death; and3. A legal description of the real estate.D. The grantee shall attach a copy of the record owner's death certificate to the beneficiary affidavit. For a record owner's death occurring on or after November 1, 2011, the beneficiary shall record the affidavit and related documents with the office of the county clerk where the real estate is located within nine (9) months of the grantor's death, otherwise the interest in the property reverts to the deceased grantor's estate; provided, however, for a record owner's death occurring before November 1, 2011, such recording of the affidavit and related documents by the beneficiary shall not be subject to the nine-month time limitation. Notwithstanding the provisions of Section 26 of Title 16 of the Oklahoma Statutes, an affidavit properly sworn to before a notary shall be received for record and recorded by the county clerk without having been acknowledged and, when recorded, shall be effective as if it had been acknowledged.Added by Laws 2008, c. 78, § 2, eff. Nov. 1, 2008. Amended by Laws 2010, c. 205, § 1, eff. Nov. 1, 2010; Laws 2011, c. 372, § 1, eff. Nov. 1, 2011; Laws 2015, c. 107, § 1, emerg. eff. April 20, 2015.
58 OK Stat § 58-1253 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1253. Transfer-on-death, form.

|An interest in real estate is titled in transfer-on-death form by executing, acknowledging and recording in the office of the county clerk in the county where the real estate is located, prior to the death of the owner, a deed in substantially the following form: |___________________ (name of owner) being of competent mind and having the legal capacity to execute this document, as owner transfers on death to ____________________ (name of beneficiary) as grantee beneficiary, the following described interest in real estate: (here insert description of the interest in real estate). THIS TRANSFER-ON-DEATH DEED IS REVOCABLE. IT DOES NOT TRANSFER ANY OWNERSHIP UNTIL THE DEATH OF THE OWNER. IT REVOKES ALL PRIOR BENEFICIARY DESIGNATIONS BY THIS OWNER FOR THIS INTEREST IN REAL ESTATE. THE GRANTOR HAS THE RIGHT TO WITHDRAW OR RESCIND THIS DEED AT ANY TIME. ANY BENEFICIARY NAMED IN THIS DEED IS HEREBY ADVISED THAT THIS DEED MAY BE WITHDRAWN OR RESCINDED WHETHER OR NOT MONEY OR ANY OTHER CONSIDERATION WAS PAID OR GIVEN.THE STATE OF OKLAHOMACOUNTY OF ___________Before me, on this day personally appeared __________, ___________, and ___________, the owner of the land described in this deed, and the witnesses, respectively, whose names are subscribed below in their respective capacities, and the owner of the land declared to me and to the witnesses in my presence that the deed is a revocable transfer-on-death of the real estate described therein, and the witnesses declared in the presence of the owner of the real estate and in my presence that the owner of the land declared to them that the deed is a revocable transfer-on-death of the real estate described therein and that the owner of the land wanted each of them to sign it as a witness, and that each witness did sign the same as witness in the presence of the owner of the land and in my presence._______________________(name of owner)_______________________(witness)_______________________(witness)Subscribed and acknowledged before me by ______________, the owner of the land, and _____________ and _______________, witnesses, this ___ day of __________ (month), _____ (year).____________________________(signature of notary public)(Seal)My commission expires ___________ (date).Instead of the words "transfer-on-death" the abbreviation "TOD" may be used.Added by Laws 2008, c. 78, § 3, eff. Nov. 1, 2008.
58 OK Stat § 58-1254 (2021)
2021 Oklahoma Statutes|Title 58. Probate Procedure|§58-1254. Revocation or change of grantee beneficiary - Effect of will.

|A. A designation of the grantee beneficiary may be revoked at any time prior to the death of the record owner, by executing, acknowledging and recording in the office of the county clerk in the county where the real estate is located an instrument revoking the designation. The signature, consent or agreement of or notice to the grantee beneficiary or beneficiaries to the revocation is not required. |B. A designation of the grantee beneficiary may be changed at any time prior to the death of the record owner, by executing, acknowledging and recording a subsequent transfer-on-death deed in accordance with the Nontestamentary Transfer of Property Act. The signature, consent or agreement of or notice to the grantee beneficiary or beneficiaries is not required. A subsequent transfer-on-death beneficiary designation revokes all prior designations of grantee beneficiary or beneficiaries by the record owner for the interest in real estate.C. A transfer-on-death deed executed, acknowledged and recorded in accordance with the Nontestamentary Transfer of Property Act may not be revoked by the provisions of a will.Added by Laws 2008, c. 78, § 4, eff. Nov. 1, 2008. Amended by Laws 2011, c. 372, § 2, eff. Nov. 1, 2011.