Maine § 33 §1662 Validity and effect of transfer

Maine Statutes

§ 33 §1662 — Validity and effect of transfer

Maine § 33 §1662

Title 33PROPERTY

Ch. 32MAINE UNIFORM TRANSFERS TO MINORS ACT

This text of Maine § 33 §1662 (Validity and effect of transfer) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 33, § 33 §1662 (2026).

Text

1.Validity not affected. The validity of a transfer made in a manner prescribed in this Act is not affected by:

2.Transfer irrevocable. A transfer made pursuant to section 1660 is irrevocable and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties and authority provided in this Act, and neither the minor nor the minor's legal representative has any right, power, duty or authority with respect to the custodial property, except as provided in this Act.

3.Grant of power. By making a transfer, the transferor incorporates in the disposition all the provisions of this Act, and grants to the custodian and to any 3rd person dealing with a person designated as custodian, the respective powers, rights and immunities provided by this Act

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1.
Validity not affected.
The validity of a transfer made in a manner prescribed in this Act is not affected by:
2.
Transfer irrevocable.
A transfer made pursuant to section 1660 is irrevocable and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties and authority provided in this Act, and neither the minor nor the minor's legal representative has any right, power, duty or authority with respect to the custodial property, except as provided in this Act.
3.
Grant of power.
By making a transfer, the transferor incorporates in the disposition all the provisions of this Act, and grants to the custodian and to any 3rd person dealing with a person designated as custodian, the respective powers, rights and immunities provided by this Act.