§ 7-6.6 Other transfer by fiduciary

(a) Subject to paragraph (c), a personal representative or trustee may
make an irrevocable transfer to another adult or trust company as
custodian for the benefit of a minor pursuant to 7-6.9, in the absence
of a will or under a will or trust that does not contain an
authorization to do so.

(b) Subject to paragraph (c), a guardian may make an irrevocable
transfer to another adult or trust company as custodian for the benefit
of the minor pursuant to 7-6.9.

(c) A transfer under paragraph (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) if the
personal representative is acting in the absence of a will, the transfer
is authorized by the court if it exceeds fifty thousand dollars in
value.