Ind. Code § 30-2-8.5-37
Effect on existing custodianships
Indiana · Indiana Code Title 30 — Trusts and Fiduciaries · Status: effective
Cite this
- Citation
- Ind. Code § 30-2-8.5-37, Effect on existing custodianships, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1668092
- Permanent ID
ys:prov:1668092@1- SHA-256
3a425ba0d2702be666301f44bb267b86b7ab5451ab7dd195371f800cf11dbc42
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 37.
(a) A transfer of custodial property made before July 1, 1989, is validated even if there was no specific authority in the Indiana uniform gifts to minors act (IC 30-2-8) 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, 1989, in a manner and form prescribed in the Indiana uniform gifts to minors act (IC 30-2-8) except to the extent:
(1) the application impairs constitutionally vested rights or extends the duration of custodianships in existence on July 1, 1989; or
(2) provided in subsection (c).
(c) The amendments to IC 30-2-8 made by Acts 1973, P.L.293; do not apply to a custodian account established in accordance with IC 30-2-8 before January 1, 1974.