[§553A-22]  Effect on existing
custodianships.  (a)  Any transfer of custodial property as now defined in
this chapter made before July 1, 1985, is validated notwithstanding that there
was no specific authority in the Hawaii 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)  This chapter applies to all transfers made
before July 1, 1985, in a manner and form prescribed in the Hawaii Uniform
Gifts to Minors Act except insofar as the application impairs constitutionally
vested rights or extends the duration of custodianships in existence on July 1,
1985.



(c)  Sections 553A-1 and 553A-20 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
of the minor's attainment of the age of eighteen after March 27, 1972, and
before July 1, 1985. [L 1985, c 91, pt of §1]



 



Revision Note



 



  "July 1, 1985" substituted for "the effective
date of this chapter".