Utah § 75A-8-112 Validity and effect of transfer.

Utah Statutes

§ 75A-8-112 — Validity and effect of transfer.

Utah § 75A-8-112

Title 75AFiduciaries

Ch. 75A-8Uniform Transfers to Minors Act

This text of Utah § 75A-8-112 (Validity and effect of transfer.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 75A-8-112 (2026).

Text

(1)The validity of a transfer made in a manner prescribed in this chapter is not affected by:

(1)(a) failure of the transferor to comply with Subsection 75A-8-110(3) concerning possession and control;

(1)(b) designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian under Subsection 75A-8-110(1); or

(1)(c) death or incapacity of a person nominated under Section 75A-8-104 or designated under Section 75A-8-110 as custodian or the disclaimer of the office by that person.

(2)(2)(a) A transfer made under Section 75A-8-110 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 chapter

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(1) The validity of a transfer made in a manner prescribed in this chapter is not affected by:
(1)(a) failure of the transferor to comply with Subsection 75A-8-110(3) concerning possession and control;
(1)(b) designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian under Subsection 75A-8-110(1); or
(1)(c) death or incapacity of a person nominated under Section 75A-8-104 or designated under Section 75A-8-110 as custodian or the disclaimer of the office by that person.
(2) (2)(a) A transfer made under Section 75A-8-110 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 chapter.
(2)(b) A minor, or a minor's representative, does not have any right, power, duty, or authority regarding the custodial property except as provided in this chapter.
(3) By making a transfer, the transferor incorporates in the disposition all the provisions of this chapter and grants to the custodian, and to any third person dealing with a person designated as custodian, the respective powers, rights, and immunities provided in this chapter.