The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earliest of: The minor’s attainment of 21 years of age with respect to custodial property transferred under Code Section 44-5-114 or 44-5-115; The minor’s attainment of majority under the laws of this state other […]
This article applies to a transfer within the scope of Code Section 44-5-112 made after July 1, 1990, if: The transfer purports to have been made under former Article 5 of this chapter, known as “The Georgia Gifts to Minors Act”; or The instrument by which the transfer purports to have been made uses in […]
Any transfer of custodial property as now defined in this article made before July 1, 1990, is validated notwithstanding that there was no specific authority in former Article 5 of this chapter, known as “The Georgia Gifts to Minors Act,” for the coverage of custodial property of that kind or for a transfer from that […]
This article shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this article among states enacting it. History. Code 1981, § 44-5-133 , enacted by Ga. L. 1990, p. 667, § 1.
The former Article 5 of this chapter, known as “The Georgia Gifts to Minors Act,” is repealed. To the extent that this new article, by virtue of subsection (b) of Code Section 44-5-132, does not apply to transfers made in a manner prescribed in “The Georgia Gifts to Minors Act” or to the powers, duties, […]
