# Tenn. Code Ann. § 35-7-108: Transfer by obligor

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-108

## Section

- **Citation:** Tenn. Code Ann. § 35-7-108
- **Heading:** Transfer by obligor
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 35 / Chapter 7 / Section 35-7-108

## Text

(a) Subject to subsections (b) and (c), a person not subject to § 35-7-106 or § 35-7-107 , who holds property of, or owes a liquidated debt or judgment to, a minor not having a guardian may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to § 35-7-110 . (b) If a person having the right to do so under § 35-7-104 has nominated a custodian under this chapter to receive the custodial property, the transfer must be made to that person. (c) If no custodian has been nominated, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds twenty-five thousand dollars ($25,000) in value. If the transfer exceeds twenty-five thousand dollars ($25,000) in value, it may be made only if it is authorized by the court. Acts 1992, ch. 664, § 1; T.C.A. § 35-7-208.
(a) Subject to subsections (b) and (c), a person not subject to § 35-7-106 or § 35-7-107 , who holds property of, or owes a liquidated debt or judgment to, a minor not having a guardian may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to § 35-7-110 .
(b) If a person having the right to do so under § 35-7-104 has nominated a custodian under this chapter to receive the custodial property, the transfer must be made to that person.
(c) If no custodian has been nominated, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor's family or to a trust company unless the property exceeds twenty-five thousand dollars ($25,000) in value. If the transfer exceeds twenty-five thousand dollars ($25,000) in value, it may be made only if it is authorized by the court.
Acts 1992, ch. 664, § 1; T.C.A. § 35-7-208.

## Nearby sections

- [Tenn. Code Ann. § 35-7-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-101.md)
- [Tenn. Code Ann. § 35-7-102 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-102.md)
- [Tenn. Code Ann. § 35-7-103 Scope and jurisdiction](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-103.md)
- [Tenn. Code Ann. § 35-7-104 Nomination of custodian](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-104.md)
- [Tenn. Code Ann. § 35-7-105 Transfer by gift or exercise of power of appointment](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-105.md)
- [Tenn. Code Ann. § 35-7-106 Transfer authorized by will or trust](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-106.md)
- [Tenn. Code Ann. § 35-7-107 Other transfer by fiduciary](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-107.md)
- [Tenn. Code Ann. § 35-7-108 Transfer by obligor](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-108.md)
- [Tenn. Code Ann. § 35-7-109 Receipt for custodial property](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-109.md)
- [Tenn. Code Ann. § 35-7-110 Manner of creating custodial property and effecting transfer - Designation of initial custodian - Control](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-110.md)
- [Tenn. Code Ann. § 35-7-111 Transfers - Single and joint custodians](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-111.md)
- [Tenn. Code Ann. § 35-7-112 Validity and effect of transfer](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-112.md)
- [Tenn. Code Ann. § 35-7-113 Care of custodial property](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-113.md)
- [Tenn. Code Ann. § 35-7-114 Powers of custodian](https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T35_C7_S35-7-108. Check the current official text before relying on it. Not legal advice.