(760 ILCS 20/6)
(from Ch. 110 1/2, par. 256)
representative, trustee or other obligor under a governing
instrument may make an
irrevocable transfer pursuant to Section 10 to a custodian for the benefit
of a minor as authorized in the governing will, trust or other
governing instrument. The authorization will be presumed unless the
transfer is expressly prohibited by or inconsistent with the provisions of
the will, trust or governing instrument.
(b) If the testator, settlor or other person has
nominated a custodian under Section 4 to
receive the custodial property, the transfer must be made to that person.
(c) If the testator, settlor or other person has not
nominated a custodian under Section
4, or all persons so nominated as custodian die before the transfer or are
unable, decline, or are ineligible to serve, the representative, trustee
or other person as the case may be, shall designate
the custodian from among the transferor, an adult member of the minor's
family or a trust company.
(Source: P.A. 84-1129.)