Virginia Code 64.2-1920: Applicability
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This chapter applies to a transfer within the scope of § 64.2-1901 made after July 1, 1988, if:
Terms Used In Virginia Code 64.2-1920
- Custodian: means a person so designated under § Virginia Code 64.2-1900
- State: includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States. See Virginia Code 64.2-1900
- Transfer: means a transaction that creates custodial property under § Virginia Code 64.2-1900
1. The transfer purports to have been made under the provisions of the Virginia Uniform Gifts to Minors Act (former §§ 31-26 through 31-36); or
2. The instrument by which the transfer purports to have been made uses in substance the designation “as custodian under the Uniform Gifts to Minors Act” or “as custodian under the Uniform Transfers to Minors Act” of any other state, and the application of this chapter is necessary to validate the transfer.
1988, c. 516, § 31-57; 2012, c. 614.