Irrevocable Gift or Exercise of Power of Appointment Made Under Code Section 44-5-119

1. Law
2. Georgia Code
3. Property
4. Acquisition and Loss of Property
5. The Georgia Transfers to Minors Act
6. Irrevocable Gift or Exercise of Power of Appointment Made Under Code Section 44-5-119

A person may make a transfer by irrevocable gift to, or by the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to Code Section 44-5-119.

(Code 1981, §44-5-114, enacted by Ga. L. 1990, p. 667, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 38 Am. Jur. 2d, Gifts, §§ 3, 4.

C.J.S.

- 38 C.J.S., Gifts, § 34. 39 C.J.S., Guardian and Ward, § 70 et seq.

U.L.A.

- Uniform Transfers to Minors Act (U.L.A.) § 4.

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