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(1) An order for the termination of parental rights divests the child and the parents of all legal rights, powers, immunities, duties, and obligations with respect to each other, except the right of the child to inherit from the parent.
(2) An order or decree entered under this chapter may not disentitle a child to any benefit due to the child from any third person, including any Indian tribe, agency, state, or the United States.
(3) Except as provided in Sections 80-4-401 and 80-4-402, after the termination of a parent's parental rights, the former parent:
(a) is not entitled to any notice of proceedings for the adoption of the child; and
(b) does not have any right to object to the adoption or to participate in any other placement proceedings.
(4) An order permanently terminating the rights of a parent, guardian, or custodian does not expire with termination of the jurisdiction of the juvenile court.