33A-22. Effect on existing custodianships.
(a) Any transfer of custodial property as now defined in this Chapter made before October 1, 1987, is validated notwithstanding that there was no specific authority in the Uniform Gifts to Minors Act of North Carolina 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 Chapter applies to all transfers made before October 1, 1987, in a manner and form prescribed in the Uniform Gifts to Minors Act of North Carolina, except insofar as the application impairs constitutionally vested rights or extends the duration of custodianships in existence on October 1, 1987.
(c) G.S. 33A-1 and G.S. 33A-20 with respect to the age of a minor for whom custodial property is held under this Chapter shall not apply to custodial property held in a custodianship that terminated because of the minor's attainment of the age of majority and before October 1, 1987. (1987, c. 563, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 33A - North Carolina Uniform Transfers to Minors Act
§ 33A-2 - Scope and jurisdiction.
§ 33A-3 - Nomination of custodian.
§ 33A-4 - Transfer by gift or exercise of power of appointment.
§ 33A-5 - Transfer authorized by will or trust.
§ 33A-6 - Other transfer by fiduciary.
§ 33A-7 - Transfer by obligor.
§ 33A-8 - Receipt for custodial property.
§ 33A-10 - Single custodianship.
§ 33A-11 - Validity and effect of transfer.
§ 33A-12 - Care of custodial property.
§ 33A-13 - Powers of custodian.
§ 33A-14 - Use of custodial property.
§ 33A-15 - Custodian's expenses, compensation, and bond.
§ 33A-16 - Exemption of third person from liability.
§ 33A-17 - Liability to third persons.
§ 33A-19 - Accounting by and determination of liability of custodian.
§ 33A-20 - Termination of custodianship.
§ 33A-22 - Effect on existing custodianships.