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§58-1212.


§58-1212.
   
   A. The validity of a transfer made in a manner prescribed in the
   Oklahoma Uniform Transfers to Minors Act is not affected by:
   
   1. failure of the transferor to comply with subsection C of Section 10
   of this act concerning possession and control; or
   
   2. designation of an ineligible custodian, except designation of the
   transferor in the case of property for which the transferor is
   ineligible to serve as custodian pursuant to the provisions of
   subsection A of Section 10 of this act; or
   
   3. death or incapacity of a person nominated pursuant to the
   provisions of Section 4 of this act or designated according to the
   provisions of Section 10 of this act as custodian or the disclaimer of
   the office by that person.
   
   B. A transfer made pursuant to the provisions of Section 10 of this
   act is irrevocable, and the custodial property is indefeasibly vested
   in the minor, but the custodian has all the rights, powers, duties,
   and authority provided for in the Oklahoma Uniform Transfers to Minors
   Act, and neither the minor nor the minor's legal representative has
   any right, power, duty, or authority with respect to the custodial
   property except as provided for in the Oklahoma Uniform Transfers to
   Minors Act.
   
   C. By making a transfer, the transferor incorporates in the
   disposition all the provisions of the Oklahoma Uniform Transfers to
   Minors Act and grants to the custodian, and to any third person
   dealing with a person designated as custodian, the respective powers,
   rights, and immunities provided for in the Oklahoma Uniform Transfers
   to Minors Act.
   

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