US Lawyer Database

§ 11-50-121. Termination of Custodianship

The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of: The minor’s attainment of twenty-one years of age; or The minor’s death. Source: L. 84: Entire article R&RE, p. 392, § 1, effective July 1. L. 91: Entire section amended, p. 1442, […]

§ 11-50-122. Applicability

This article applies to a transfer within the scope of section 11-50-103 made on or after July 1, 1984, if: The transfer purports to have been made under the “Colorado Uniform Gifts to Minors Act” as it existed prior to said date; or The instrument by which the transfer purports to have been made uses […]

§ 11-50-123. Effect on Existing Custodianships

Any transfer of custodial property as now defined in this article made before July 1, 1984, is validated notwithstanding that there was no specific authority in the “Colorado Uniform Gifts to Minors Act”, as it existed prior to July 1, 1984, for the coverage of custodial property of that kind or for a transfer from […]

§ 11-50-124. Uniformity of Application and Construction

This article shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this article among states enacting it. Source: L. 84: Entire article R&RE, p. 393, § 1, effective July 1. Editor’s note: This section is similar to former § 11-50-110 as it existed […]

§ 11-50-125. Severability

If any provisions of this article or its application to any person or circumstance are held invalid, the invalidity does not affect other provisions or applications of this article which can be given effect without the invalid provision or application, and to this end the provisions of this article are severable. Source: L. 84: Entire […]

§ 11-50-126. Prior Transfers Not Affected

To the extent that this article, pursuant to section 11-50-123 (2), does not apply to transfers made in a manner prescribed in the “Colorado Uniform Gifts to Minors Act”, as it existed prior to July 1, 1984, or to the powers, duties, and immunities conferred by transfers in that manner upon custodians and persons dealing […]