United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 33, § 1673: Effect on existing custodianships, 1987

Transfers of custodial property made before this Act’s effective date are validated, and the Act generally applies to earlier transfers unless that would impair vested rights or extend existing custodianships.

Source excerpt

asset transfersretroactive applicationvalidation

Jurisdiction: United States — Maine
Structure: 1 provisions
Official identity: Year 1987
Dates: Enacted 1987 · Source version 1 Oct 2025

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Dates: Enacted 1987 · Source version 1 Oct 2025

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“Transfers of custodial property made before this Act’s effective date are validated, and the Act generally applies to earlier transfers unless that would impair vested rights or extend existing custodianships.”

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Enacted 1987 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.
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Effect on existing custodianships

Section 1673

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Source record from legislature.maine.gov · Enacted 1987 · Source version 1 Oct 2025

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§ 1673Effect on existing custodianshipsProvision

Source excerpt

1. Transfers validated. Any transfer of custodial property as defined in this Act made before the effective date of this Act is validated notwithstanding that there was no specific authority in former chapter 19 for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made. [RR 2021, c. 2, Pt. A, §119 (COR).] 2. Application. This Act applies to all transfers made before the effective date of this Act in a manner and form prescribed in former chapter 19, except insofar as the application impairs constitutionally vested rights or extends the duration of custodianships in existence on the effective date of this Act. [RR 2021, c. 2, Pt. A, §119 (COR).] 3. Terminated custodianship. Sections 1652 and 1671 with respect to the age of a minor for whom custodial property is held under this Act do not apply to custodial property held in a custodianship that terminated because of the minor's attainment of 18 years of age after September 1, 1984 and before the effective date of this Act. [RR 2021, c. 2, Pt. A, §119 (COR).]

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1 Oct 2025 · currentEnglish

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