1. Either parent may recover what they have gifted to their child. 2. The right of either parent to recover what they have gifted to their child is forfeited in the following cases: a. If the nature of the gifted property changes or is disposed of by the donee in a way that removes it from their ownership. b. If a financial transaction arises with the donee because of the gift, and the revocation of the gift would cause harm to the donee or to a third party. c. If the donee or the donor contracts a serious illness after the gift, unless such illness ceases, in which case the right of each parent to recover what they have gifted to their child shall revive.
Interpretation and application must be checked against the official text and current version.