(760 ILCS 20/23)
(from Ch. 110 1/2, par. 273)
Effect on Existing Custodianships.
(a) Any transfer of
custodial property whether or not now defined in
this Act made before the effective date of this Act is validated
notwithstanding that there was no specific authority in the Uniform Gifts
to Minors Act of this State for the coverage of custodial property
of that kind or for a transfer from that source at the time the transfer was made.
(b) This Act applies to all transfers made before the effective date of
this Act in a manner and form prescribed in the Uniform Gifts to Minors Act
of this State, except insofar as the application impairs vested rights.
(Source: P.A. 84-1129.)