Alabama Code (Last Updated: November 28, 2014) |
Title35 PROPERTY. |
Chapter5A. UNIFORM TRANSFERS TO MINORS ACT. |
§35-5A-5. Transfer by gift or exercise of power of appointment.
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A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to section 35-5A-10.