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2018 Georgia Code 44-5-114 | Car Wreck Lawyer

TITLE 44 PROPERTY

Section 5. Acquisition and Loss of Property, 44-5-1 through 44-5-230.

ARTICLE 5 THE GEORGIA TRANSFERS TO MINORS ACT

44-5-114. 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.)

JUDICIAL DECISIONS

Cited in Honeycutt v. Edwards, 136 Ga. App. 486, 221 S.E.2d 678 (1975).

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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