38-1723. Effect on existing custodianships. (a) Any transfer of custodial property as now defined in this act made before the effective date of this act is validated notwithstanding that there was no specific authority in the Kansas uniform gifts to minors act for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made.
(b) This act applies to all transfers made before the effective date of this act in a manner and form prescribed in the Kansas uniform gifts to minors act, except insofar as the application impairs constitutionally vested rights or extends the duration of custodianships in existence on the effective date of this act.
History: L. 1985, ch. 143, ยง 22; July 1.
Structure Kansas Statutes
Article 17 - Uniform Transfers To Minors Act
38-1703 Scope and jurisdiction.
38-1704 Nomination of custodian.
38-1705 Transfer by gift or exercise of power of appointment.
38-1706 Transfer authorized by will or trust.
38-1707 Other transfer by fiduciary.
38-1709 Receipt for custodial property.
38-1712 Validity and effect of transfer.
38-1713 Care of custodial property.
38-1715 Use of custodial property.
38-1716 Custodian's expenses, compensation and bond.
38-1717 Exemption of third person from liability.
38-1718 Liability to third persons.
38-1720 Accounting by and determination of liability of custodian.
38-1721 Termination of custodianship.
38-1723 Effect on existing custodianships.