This may provide a partial answer as to prior UGMA's retain thier character especiallyas to age 18--- § 141.025. ADDITIONAL TRANSFERS TO CUSTODIANSHIPS IN
EXISTENCE BEFORE EFFECTIVE DATE OF ACT. (a) This section applies
only to a transfer within the scope of Section 141.003 made after
September 1, 1995, to a custodian of a custodianship established
before September 1, 1995, under the Texas Uniform Gifts to Minors
(b) This chapter does not prevent a person from making
additional transfers to a custodianship described by Subsection
(a). On the direction of the transferor or custodian, custodial
property that is transferred to the custodianship shall be
commingled with the custodial property of the custodianship
established under the Texas Uniform Gifts to Minors Act. The
additional transfers to the custodianship shall be administered and
distributed on termination of the custodianship, as prescribed by
this chapter, except that for purposes of Section 141.021, the
custodian shall transfer the custodial property to:
(1) the beneficiary on the date the beneficiary
attains 18 years of age or an earlier date as prescribed by Section
(2) the beneficiary's estate if the individual dies
before the date prescribed by Subdivision (1).
Added by Acts 1997, 75th Leg., ch. 221, § 2, eff. Sept. 1, 1997.
Amended by Acts 1997, 75th Leg., ch. 165, § 31.01(72), eff. Sept.
1, 1997. Renumbered from V.T.C.A., Property Code § 25 by Acts
1999, 76th Leg., ch. 62, § 19.01(91), eff. Sept. 1, 1999.