Whenever a minor becomes entitled under the terms of a will to a bequest or legacy, to a share of the estate of an intestate, or to a beneficial interest in a trust fund upon the distribution of the trust fund, and the value of the bequest, legacy, share, or interest does not exceed the sum of ten thousand dollars, and a conservator for the minor has not been appointed, the court having jurisdiction of the distribution of the funds may, in its discretion, upon the application of the fiduciary, enter an order authorizing the fiduciary to pay the bequest, legacy, share, or interest to a custodian under any uniform transfers to minors Act. Receipt by the custodian, when presented to the court or filed with the report of distribution of the fiduciary, shall have the same force and effect as though the payment had been made to a duly appointed and qualified conservator for the minor.
[C39, § 12077.1; C46, 50, 54, 58, 62, § 638.41; C66, 71, 73, 75, 77, 79, 81, § 633.108; 81 Acts, ch 193, § 1; 82 Acts, ch 1052, § 1]
95 Acts, ch 63, §3
Referred to in § 633.649
See also chapter 565B, § 633.574, 633.681; R.C.P. 297
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