(a) Any transfer of custodial property as now defined in this Chapter made before
October 1, 1987, is validated notwithstanding that there was no specific authority
in the Uniform Gifts to Minors Act of North Carolina for the coverage of custodial
property of that kind or for a transfer from that source at the time the transfer
(b) This Chapter applies to all transfers made before October 1, 1987, in a manner
and form prescribed in the Uniform Gifts to Minors Act of North Carolina, except insofar
as the application impairs constitutionally vested rights or extends the duration
of custodianships in existence on October 1, 1987.
(c) G.S. 33A-1 and G.S. 33A-20 with respect to the age of a minor for whom custodial property is held under this
Chapter shall not apply to custodial property held in a custodianship that terminated
because of the minor's attainment of the age of majority and before October 1, 1987.
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