NORTH CAROLINA GENERAL ASSEMBLY
1979 SESSION

CHAPTER 883
HOUSE BILL 1281

AN ACT TO AMEND THE UNIFORM GIFT TO MINORS ACT TO PERMIT DONOR CUSTODIANS TO RESIGN AND TO DESIGNATE SUCCESSOR CUSTODIANS.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 33-74(b) is amended by deleting the words "other than the" and replacing them with the words "whether or not a" in the first line of said subsection, following the first two words of the subsection.
Sec. 2.  G.S. 33-69 is amended by adding to it a new subsection (d) to read as follows:
"(d)	A donor who makes a gift to a minor as provided in subsection (a)(3) may designate a successor custodian who shall become custodian if the original custodian is not eligible, renounces or dies before the minor attains the age of 18 years. The successor custodian shall be a person eligible to be a custodian as provided in subsection (a)(3). The successor custodian may be designated in the name of the account described in subsection (a)(3) by substantially the following words which may appear after the words required in subsection (a)(3):
'(name of custodian) is designated as successor custodian'."
Sec. 3.  This act is effective upon ratification.
In the General Assembly read three times and ratified, this the 8th day of June, 1979.