Current with changes from the 2024 legislative session through ch. 845
Section 64.2-1921 - Effect on existing custodianshipsA. Any transfer of custodial property as now defined in this chapter made before July 1, 1988, is validated notwithstanding that there was no specific authority in the Virginia Uniform Gifts to Minors Act (former §§ 31-26 through 31-36) 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 July 1, 1988, in a manner and form prescribed in the Virginia Uniform Gifts to Minors Act (former §§ 31-26 through 31-36) except insofar as the application impairs constitutionally vested rights.1988, c. 516, § 31-58; 2012, c. 614.Amended by Acts 2012, c. 614.Amended by Acts 1988, c. 516, § 31-58.