55-1A-29 Payment of sum distributable to minor or other beneficiary under legal disability--Methods...
55-1A-29.
Payment of sum distributable to minor or other beneficiary under legal disability--Methods.
A trustee may make payment of any sum distributable to a minor or other beneficiary under
legal disability, without liability to himself, by paying the sum in any one or more of the following
ways:
(1)
Directly to the beneficiary;
(2)
To the conservator of the beneficiary;
(3)
Directly for the maintenance, education and general welfare of the beneficiary;
(4)
To a parent of the beneficiary; or
(5)
To anyone who has custody and care of the person of the beneficiary.
Source: SL 1979, ch 336, § 29; SL 1993, ch 213, § 253.