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

Wyoming Statutes

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

Wyoming § 34-13-124

Title 34Property, Conveyances and Security Transactions

Ch. 13TRANSFERS TO MINORS

This text of Wyoming § 34-13-124 (Validity and effect of transfer) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 34-13-124 (2026).

Text

(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 min

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(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.