Applicability of Article

1. Law
2. Georgia Code
3. Property
4. Acquisition and Loss of Property
5. The Georgia Transfers to Minors Act
6. Applicability of Article

1. This article applies to a transfer that refers to "The Georgia Transfers to Minors Act" in the designation under subsection (a) of Code Section 44-5-119 by which the transfer is made if at the time of the transfer the transferor, the minor, or the custodian is a resident of this state or the custodial property is located in this state. The custodianship so created remains subject to this article despite a subsequent change in residence of a transferor, the minor, or the custodian or the removal of custodial property from this state.
2. A person designated as custodian under the authority of this article is subject to personal jurisdiction in this state with respect to any matter relating to the custodianship.
3. 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, the minor, or the custodian is a resident of the designated state or the custodial property is located in the designated state.

(Code 1981, §44-5-112, enacted by Ga. L. 1990, p. 667, § 1.)

RESEARCH REFERENCES

U.L.A.

- Uniform Transfers to Minors Act (U.L.A.) § 2.

ALR.

- Gift of savings deposit by delivery of passbook, 40 A.L.R. 1249; 84 A.L.R. 558.

Delivery as essential to gift of tangible chattels or securities by written instrument, 63 A.L.R. 537; 48 A.L.R.2d 1405.

Delivery which will support gift of an undivided interest in a chattel or chose in action, 145 A.L.R. 1386.

Opening savings account in sole name of another, without complete surrender of passbook, as a gift, 1 A.L.R.2d 538.

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