reglab/housing_qa huggingface dataset:
MA Gen L ch 201a § 1 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 1 - Definitions

Section 1. As used in this chapter the following words shall, unless the context requires otherwise, have the following meanings:—  ''Adult'', an individual who has attained the age of twenty-one years.  ''Broker'', a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others.  ''Court'', the probate and family court.  ''Custodian'', a person so designated under section nine or a successor or substitute custodian designated under section eighteen.  ''Custodial property'', (i) any interest in property transferred to a custodian under this chapter and (ii) the income from and proceeds of that interest in property.  ''Financial institution'', a bank, trust company, savings institution, or credit union, chartered and supervised under state or federal law.  ''Guardian'', a person appointed or qualified by a court to act as guardian of a minor's property or a person legally authorized to perform substantially the same functions.  ''Legal representative'', an individual's personal representative or guardian.  ''Member of the minor's family'', the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.  ''Minor'', an individual who has not attained the age of twenty-one years.  ''Person'', an individual, corporation, organization, or other legal entity.  ''Personal representative'', an executor, administrator, successor, personal representative, or voluntary administrator of a decedent's estate or a person legally authorized to perform substantially the same functions.  ''State'', includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States.  ''Transfer'', a transaction that creates custodial property under section nine.  ''Transferor'', a person who makes a transfer under this chapter.  ''Trust company'', a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.
MA Gen L ch 201a § 2 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 2 - Scope and Jurisdiction

Section 2. (a) Except as otherwise provided in section twenty-two, this chapter shall apply to a transfer that refers to this chapter in the designation under subsection (a) of section nine by which the transfer is made if, at the time of the transfer, the transferor, or the minor, or the custodian is a resident of the commonwealth or the custodial property is located in the commonwealth. The custodianship so created remains subject to this chapter despite a subsequent change in residence of a transferor, the minor, or the custodian, or the removal of custodial property from the commonwealth.  (b) A person designated as custodian under this chapter is subject to personal jurisdiction in the commonwealth with respect to any matter relating to the custodianship.  (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 the commonwealth 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.
MA Gen L ch 201a § 3 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 3 - Nomination of Custodian

Section 3. (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 Massachusetts 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 which 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 (a) of section nine.  (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 said section nine. 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 said section nine.
MA Gen L ch 201a § 4 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 4 - Transfer by Gift or Exercise of Power of Appointment

Section 4. A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to section nine.
MA Gen L ch 201a § 5 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 5 - Transfer Authorized by Will or Trust

Section 5. (a) A personal representative or trustee may make an irrevocable transfer pursuant to section nine to a custodian for the benefit of a minor as authorized in the governing will or trust.  (b) If the testator or settlor has nominated a custodian under section three to receive the custodial property, the transfer shall be made to such custodian.  (c) If the testator or settlor has not nominated a custodian under said section three, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, the personal representative or the trustee, as the case may be, shall designate the custodian from among those eligible to serve as custodian for property of that kind under subsection (a) of section nine.
MA Gen L ch 201a § 6 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 6 - Other Transfer by Fiduciary

Section 6. (a) Subject to subsection (c), a personal representative or trustee may make an irrevocable transfer to another adult or another trust company as custodian for the benefit of a minor pursuant to section nine, in the absence of a will or under a will or trust that does not contain an authorization to do so.  (b) Subject to subsection (c), a guardian may make an irrevocable transfer to another adult or another trust company as custodian for the benefit of the minor pursuant to section nine.  (c) A transfer under subsection (a) or (b) may be made only if (i) the personal representative, trustee, or guardian considers the transfer to be in the best interest of the minor, (ii) the transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument, and (iii) the transfer is authorized by the court if it exceeds ten thousand dollars in value.
MA Gen L ch 201a § 7 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 7 - Transfer by Obligor

Section 7. (a) Subject to subsections (b) and (c), a person not subject to section five or section six who holds property of or owes a liquidated debt to a minor not having a guardian may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to section nine.  (b) If a person having the right to do so under section three has nominated a custodian under said section three to receive the custodial property, the transfer shall be made to such custodian.  (c) If no custodian has been nominated under said section three or all persons so 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 ten thousand dollars in value.
MA Gen L ch 201a § 8 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 8 - Receipt for Custodial Property

Section 8. A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this chapter.
MA Gen L ch 201a § 10 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 10 - Single Custodianship

Section 10. A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this chapter by the same custodian for the benefit of the same minor constitutes a single custodianship.
MA Gen L ch 201a § 11 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 11 - Validity and Effect of Transfer

Section 11. (a) The validity of a transfer made in a manner prescribed in this chapter is not affected by:  (1) failure of the transferor to comply with subsection (c) of section nine concerning possession and control;  (2) 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 under subsection (a) of said section nine; or  (3) death or incapacity of a person nominated under section three or designated under said section nine as custodian or the disclaimer of the office by that person.  (b) A transfer made pursuant to said section nine is irrevocable, and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties, and authority provided in this chapter 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 in this chapter.  (c) By making a transfer, the transferor incorporates in the disposition all the provisions of this chapter and grants to the custodian, and to any third person dealing with a person designated as custodian, the respective powers, rights, and immunities provided in this chapter.
MA Gen L ch 201a § 12 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 12 - Care of Custodial Property

Section 12. (a) A custodian shall:  (1) take control of custodial property;  (2) register or record title to custodial property if appropriate; and  (3) 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. Subject to such standard, custodial property may include undivided interests in any kind of real or personal property, so long as the minor's interest is that of a tenant in common and is fixed; provided, however, that 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 (i) the life of the minor only if the minor or the minor's estate is the sole beneficiary, or (ii) 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 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 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, followed in substance by the words, ''as a custodian for ___ (name of minor) under the Massachusetts 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 years.
MA Gen L ch 201a § 13 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 13 - Powers of Custodian

Section 13. (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) This section does not relieve a custodian from liability for a breach of section twelve.
MA Gen L ch 201a § 14 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 14 - Use of Custodial Property

Section 14. (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 (i) the duty or ability of the custodian personally or of any other person to support the minor, or (ii) 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 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 under this section is in addition to, not in substitution for, and shall not affect any obligation of a person to support the minor.
MA Gen L ch 201a § 15 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 15 - Custodian's Expenses, Compensation, and Bond

Section 15. (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 under section four, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.  (c) Except as provided in paragraph (f) of section eighteen, a custodian need not give a bond for the faithful performance of his duties.
MA Gen L ch 201a § 16 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 16 - Exemption of Third Person From Liability

Section 16. 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, shall not be responsible for determining:  (1) the validity of the purported custodian's designation;  (2) the propriety of, or the authority under this chapter for, any act of the purported custodian;  (3) the validity or propriety under this chapter of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or  (4) the propriety of the application of any property of the minor delivered to the purported custodian.
MA Gen L ch 201a § 17 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 17 - Liability to Third Persons

Section 17. (a) A claim based on (i) a contract entered into by a custodian acting in a custodial capacity, (ii) an obligation arising from the ownership or control of custodial property, or (iii) 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 shall not be 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; or  (2) 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 shall not be personally liable for an obligation arising from ownership of custodial property or for a tort committed during the custodianship unless such minor is personally at fault.
MA Gen L ch 201a § 19 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 19 - Accounting by and Determination of Liability of Custodian

Section 19. (a) A minor who has attained the age of fourteen years, the minor's guardian, an adult member of the minor's family, a transferor, or a transferor's legal representative may petition the court (i) for an accounting by the custodian or the custodian's legal representative; or (ii) 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 under section seventeen 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 under this chapter 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 under paragraph (f) of section eighteen, the court shall require an accounting and order transfer of possession or control of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property.
MA Gen L ch 201a § 20 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 20 - Termination of Custodianship

Section 20. The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor's estate upon the earlier of:  (1) the minor's attainment of twenty-one years of age with respect to custodial property transferred to a custodian nominated as provided in section three or transferred under section four or section five;  (2) the minor's attainment of majority under the laws of the commonwealth, other than this chapter, with respect to custodial property transferred under (i) section six; or (ii) section seven, except in the case of a transfer to a custodian nominated as provided in section three; or  (3) the minor's death.
MA Gen L ch 201a § 21 (2021)
2021 Massachusetts General Laws|Part II - Real and Personal Property and Domestic Relations|Title II - Descent and Distribution, Wills, Estates of Deceased Persons and Absentees, Guardianship, Conservatorship and Trusts|Chapter 201a - Uniform Transfers to Minors Act|Section 21 - Applicability

Section 21. This chapter applies to a transfer within the scope of section two made after its effective date if:  (1) the transfer purports to have been made under the Massachusetts Uniform Gifts to Minors Act; or  (2) 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 this chapter is necessary to validate the transfer.