Okla. Stat. tit. 30, § 30-2-116
This is the official text of Okla. Stat. tit. 30, § 30-2-116, part of Oklahoma’s Stat. tit. 30, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 30,." Browse the sections below, each linked to its official government source.
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Delivery of up to $10,000 of minor's estate to
Official statutory text
custodian, parent or minor.
A. 1. When the whole estate of a minor does not exceed the
value of Ten Thousand Dollars ($10,000.00), the court may, in its
discretion, without the appointment of a guardian or the giving of
bond, authorize and direct:
a. the delivery of the property or any portion thereof to
one or more custodians pursuant to the Oklahoma
Uniform Transfers to Minors Act or to one or more
other custodians designated by the court, or
b. the payment or delivery of the property or any portion
thereof to the parent of the minor, or to the person
having the care or custody of the minor, or to the
minor. The person receiving the property shall pay
necessary expenses of the minor and hold, manage, and
dispose of the property in the manner directed by the
court.
2. When the whole estate of a minor exceeds the value of Ten
Thousand Dollars ($10,000.00), the court may, in its discretion,
without the appointment of a guardian or the giving of bond,
authorize and direct:
a. the delivery of property having a value of up to Ten
Thousand Dollars ($10,000.00) to one or more
custodians pursuant to the Oklahoma Uniform Transfers
Oklahoma Statutes - Title 30. Guardian and Ward Page 26
to Minors Act or to one or more other custodians
designated by the court, or
b. the payment or delivery of up to Ten Thousand Dollars
($10,000.00) of the property or any portion thereof to
the parent of the minor, or to the person having the
care or custody of the minor, or to the minor. The
person receiving the property shall pay necessary
expenses of the minor and hold, manage, and dispose of
the property in the manner directed by the court.
B. The person making payment, delivery, transfer or issuance of
property or evidence thereof to the individual or custodian
designated by the court pursuant to this section is discharged and
released to the same extent as if payment, delivery, transfer, or
issuance was made to a guardian of the minor, and the person is not
required to see to the application thereof. A person making
payment, delivery, transfer, or issuance of property, or evidence
thereof, to a next friend or guardian ad litem may be discharged and
released as provided for by this act.
A. 1. When the whole estate of a minor does not exceed the
value of Ten Thousand Dollars ($10,000.00), the court may, in its
discretion, without the appointment of a guardian or the giving of
bond, authorize and direct:
a. the delivery of the property or any portion thereof to
one or more custodians pursuant to the Oklahoma
Uniform Transfers to Minors Act or to one or more
other custodians designated by the court, or
b. the payment or delivery of the property or any portion
thereof to the parent of the minor, or to the person
having the care or custody of the minor, or to the
minor. The person receiving the property shall pay
necessary expenses of the minor and hold, manage, and
dispose of the property in the manner directed by the
court.
2. When the whole estate of a minor exceeds the value of Ten
Thousand Dollars ($10,000.00), the court may, in its discretion,
without the appointment of a guardian or the giving of bond,
authorize and direct:
a. the delivery of property having a value of up to Ten
Thousand Dollars ($10,000.00) to one or more
custodians pursuant to the Oklahoma Uniform Transfers
Oklahoma Statutes - Title 30. Guardian and Ward Page 26
to Minors Act or to one or more other custodians
designated by the court, or
b. the payment or delivery of up to Ten Thousand Dollars
($10,000.00) of the property or any portion thereof to
the parent of the minor, or to the person having the
care or custody of the minor, or to the minor. The
person receiving the property shall pay necessary
expenses of the minor and hold, manage, and dispose of
the property in the manner directed by the court.
B. The person making payment, delivery, transfer or issuance of
property or evidence thereof to the individual or custodian
designated by the court pursuant to this section is discharged and
released to the same extent as if payment, delivery, transfer, or
issuance was made to a guardian of the minor, and the person is not
required to see to the application thereof. A person making
payment, delivery, transfer, or issuance of property, or evidence
thereof, to a next friend or guardian ad litem may be discharged and
released as provided for by this act.
Status: in_force · Read it on the official government site
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