Sec. 141.023. EFFECT ON EXISTING CUSTODIANSHIPS. (a) Any transfer of custodial property under this chapter made before September 1, 1995, is validated notwithstanding that there was no specific authority in this chapter for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made.
(b) Sections 141.002 and 141.021, 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 the minor attained the age of 18 after August 26, 1973, and before September 1, 1995.
Added by Acts 1995, 74th Leg., ch. 1043, Sec. 1, eff. Sept. 1, 1995. Renumbered from Property Code Sec. 23 by Acts 1997, 75th Leg., ch. 165, Sec. 31.01(72), eff. Sept. 1, 1997.
Structure Texas Statutes
Title 10 - Miscellaneous Beneficial Property Interests
Subtitle A - Persons Under Disability
Chapter 141 - Transfers to Minors
Section 141.003. Scope and Jurisdiction
Section 141.004. Nomination of Custodian
Section 141.005. Transfer by Gift or Exercise of Power of Appointment
Section 141.006. Transfer Authorized by Will or Trust
Section 141.007. Other Transfer by Fiduciary
Section 141.008. Transfer by Obligor
Section 141.009. Receipt for Custodial Property
Section 141.011. Single Custodianship
Section 141.012. Validity and Effect of Transfer
Section 141.013. Care of Custodial Property
Section 141.014. Powers of Custodian
Section 141.015. Use of Custodial Property
Section 141.016. Custodian's Expenses, Compensation, and Bond
Section 141.017. Exemption of Third Person From Liability
Section 141.018. Liability to Third Person
Section 141.020. Accounting by and Determination of Liability
Section 141.021. Termination of Custodianship
Section 141.022. Applicability
Section 141.023. Effect on Existing Custodianships
Section 141.024. Uniformity of Application and Construction
Section 141.025. Additional Transfers to Custodianships in Existence Before Effective Date of Act