§ 34-13-124 — Validity and effect of transfer

(a) The validity of a transfer made in a manner prescribed
in this act is not affected by:
(i) Failure of the transferor to comply with W.S.
34-13-122(c) concerning possession and control;
(ii) 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 W.S.
34-13-122(a); or
(iii) Death or incapacity of the person nominated
under W.S. 34-13-116 or designated under W.S. 34-13-122 as
custodian or the disclaimer of the office by that person.
(b) A transfer made pursuant to W.S. 34-13-122 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.
(c) By making a transfer pursuant to this act, the
transferor incorporates in the disposition all the provisions of
this act 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 act.