68-822. EFFECT ON EXISTING CUSTODIANSHIPS. (1) Any transfer of custodial property as now defined in this chapter made before July 1, 1984, is validated, notwithstanding that there was no specific authority in the Uniform Gifts to Minors Act of Idaho, for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made.
(2) The provisions of this chapter apply to all transfers made before the effective date of this chapter, in a manner and form prescribed in the Uniform Gifts to Minors Act of Idaho, except insofar as the application impairs constitutionally vested rights or extends the duration of custodianships in existence on the effective date of this chapter.
(3) Sections 68-801 and 68-820, Idaho Code, with respect to the age of a minor for whom custodial property is held under this chapter, do not apply to custodial property held in a custodianship that terminated because of the minor’s attainment of the age of eighteen (18) years after July 1, 1972 and before July 1, 1984.
History:
[68-822, added 1984, ch. 152, sec. 2, p. 366.]
Structure Idaho Code
Title 68 - TRUSTS AND FIDUCIARIES
Chapter 8 - TRANSFERS TO MINORS
Section 68-802 - SCOPE AND JURISDICTION.
Section 68-803 - NOMINATION OF CUSTODIAN.
Section 68-804 - TRANSFER BY GIFT OR EXERCISE OF POWER OF APPOINTMENT.
Section 68-805 - TRANSFER AUTHORIZED BY WILL OR TRUST.
Section 68-806 - OTHER TRANSFER BY FIDUCIARY.
Section 68-807 - TRANSFER BY OBLIGOR.
Section 68-808 - RECEIPT FOR CUSTODIAL PROPERTY.
Section 68-810 - SINGLE CUSTODIANSHIP.
Section 68-811 - VALIDITY AND EFFECT OF TRANSFER.
Section 68-812 - CARE OF CUSTODIAL PROPERTY.
Section 68-813 - POWERS OF CUSTODIAN.
Section 68-814 - USE OF CUSTODIAL PROPERTY.
Section 68-815 - CUSTODIAN’S EXPENSES, COMPENSATION, AND BOND.
Section 68-816 - EXEMPTION OF THIRD PERSON FROM LIABILITY.
Section 68-817 - LIABILITY TO THIRD PERSONS.
Section 68-819 - ACCOUNTING BY AND DETERMINATION OF LIABILITY OF CUSTODIAN.
Section 68-820 - TERMINATION OF CUSTODIANSHIP.
Section 68-821 - APPLICABILITY.
Section 68-822 - EFFECT ON EXISTING CUSTODIANSHIPS.
Section 68-823 - UNIFORMITY OF APPLICATION AND CONSTRUCTION.