(1) Any transfer of custodial property as now defined in this article made before July 1, 1984, is validated notwithstanding that there was no specific authority in the 'Colorado Uniform Gifts to Minors Act', as it existed prior to July 1, 1984, for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made.(2) This article applies to all transfers made before July 1, 1984, in a manner and form prescribed in the former 'Colorado Uniform Gifts to Minors Act', except insofar as the application impairs constitutionally vested rights or extends the duration of custodianships in existence on July 1, 1984.(3) Sections 11-50-102 and 11-50-121 with respect to the age of a minor for whom custodial property is held under this article do not apply to custodial property held in a custodianship that terminated because of the minor's attainment of the age of eighteen before July 1, 1984.L. 84: Entire article R&RE, p. 392, § 1, effective July 1.