HB 2659 Arizona House · 57th Legislature - First Regular Session

transfer to minors; age increase

HB 2659 raises the age at which custodians must automatically transfer certain types of property to minors from 21 to 25 years old. Specifically, it changes Section 14-7670 to require custodians to transfer property transferred under sections 14-7654 or 14-7655 upon the minor's 25th birthday, instead of their 21st. This affects minors who receive custodial property under those specific transfer provisions and their custodians. The bill updates the article title to reflect this change but leaves the 18-year transfer age intact for property under sections 14-7656 or 14-7657.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 28, 2025 Last action Feb 10, 2025

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What changed between versions

Introduced Version → House Engrossed Version · 2 edits

MINOR

This bill amends Arizona's Uniform Transfers to Minors Act to update the age at which custodial property must be transferred to a minor. The most significant change increases the age for certain types of custodial property from 18 to 25 years old, aligning it with the standard age for other custodial arrangements.

Scope change

The bill applies to custodial property transferred under sections 14-7656 or 14-7657 of the Arizona Revised Statutes, changing the termination age from 18 to 25 years old.

ELIGIBILITY

Increased the age at which custodial property must be transferred from 18 to 25 years old for property transferred under sections 14-7656 or 14-7657.

REQUIREMENT

Updated the article heading in Arizona Revised Statutes from 'Arizona Uniform Transfers to Minors Act' to 'Revised Arizona Uniform Transfers to Minors Act'.

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Committee

Feb 4, 2025

Lower · Passed

lower

1 primary · 0 co-sponsors