O.C.G.A.
O.C.G.A.

O.C.G.A. § 44-5-114 (2019)

Irrevocable gift or exercise of power of appointment made under Code Section 44-5-119

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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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.

History

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

Annotations

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.