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§58-1223.


§58-1223.
   
   A. Any transfer of custodial property as that term is defined in the
   Oklahoma Uniform Transfers to Minors Act made before the effective
   date of this act is validated although there was no specific authority
   in the Oklahoma 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. The Oklahoma Uniform Transfers to Minors Act applies to all
   transfers made before the effective date of this act in a manner and
   form prescribed in the Oklahoma 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.
   
   C. A transfer that purports to be made and which is valid under the
   Uniform Transfers to Minors Act, the Uniform Gifts to Minors Act, or a
   substantially similar act, of another state is governed by the law of
   the designated state and may be executed and is enforceable in this
   state if at the time of the transfer, the transferor, the minor, or
   the custodian is a resident of the designated state or the custodial
   property is located in the designated state.
   
   D. With respect to the age of a minor for whom custodial property is
   held under the Oklahoma Uniform Transfers to Minors Act, paragraphs 1
   and 11 of Section 1202 and paragraph 1 of subsection A of Section 1221
   of this title do not apply to custodial property held in a
   custodianship which terminated because of the minor's attainment of
   the age of eighteen (18) years after November 1, 1986 and before
   September 1, 1993.
   

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