Oklahoma § 58-1203 - Applicability of law - Custodianship

§ 58-1203. Applicability of law - Custodianship

A. The Oklahoma Uniform Transfers to Minors Act applies to a

transfer that refers to the Oklahoma Uniform Transfers to Minors Act

in the designation provided for in subsection A of Section 10 of

this act by which the transfer is made if at the time of the

transfer, the transferor, minor, or custodian is a resident of this

state or the custodial property is located in this state. The

custodianship so created remains subject to the provisions of the

Oklahoma Uniform Transfers to Minors Act despite a subsequent change

in residence of the transferor, minor, or custodian, or the removal

of custodial property from this state.

B. A person designated as a custodian pursuant to the

provisions of the Oklahoma Uniform Transfers to Minors Act is

subject to personal jurisdiction in this state with respect to any

matter relating to the custodianship.

C. A transfer that purports to be made and which is valid under

the Uniform Transfers to Minors Act, the Uniform Gifts to Minors

Act, or a substantially similar act, of another state is governed by

the law of the designated state and may be executed and is

enforceable in this state if at the time of the transfer, the

transferor, minor, or custodian is a resident of the designated

state or the custodial property is located in the designated state.

Added by Laws 1986, c. 261, § 3, eff. Nov. 1, 1986.