2021 Georgia Code
Title 44 - Property
Chapter 5 - Acquisition and Loss of Property
Article 5 - The Georgia Transfers to Minors Act
- § 44-5-110. Short Title
- § 44-5-111. Definitions
- § 44-5-112. Applicability of Article
- § 44-5-113. Nomination of Custodian
- § 44-5-114. Irrevocable Gift or Exercise of Power of Appointment Made Under Code Section 44-5-119
- § 44-5-115. Irrevocable Transfer by Personal Representative or Trustee to Custodian for Minor's Benefit
- § 44-5-116. Irrevocable Transfer by Personal Representative, Trustee, or Guardian to Custodian
- § 44-5-117. Transfers by Other Persons to Custodian
- § 44-5-118. Effect of Custodian's Written Acknowledgment of Delivery
- § 44-5-119. Creation and Transfer of Custodial Property
- § 44-5-120. Single Custodianship
- § 44-5-121. Validity of Transfer
- § 44-5-122. Powers and Duties of Custodian; Name in Which Registered Securities to Be Held; Commingling With Personal Assets
- § 44-5-123. Custodian's Rights, Powers, and Authority Over Custodial Property; Liability for Breach of Code Section 44-5-122
- § 44-5-124. Custodial Discretion in Transfers of Custodial Property for Support, Maintenance, Education, and General Use and Benefit of Minor
- § 44-5-125. Compensation; Expenses of Custodian; Bond
- § 44-5-126. Liability of Third Person for Dealings With Person Purporting to Act in Capacity of Custodian
- § 44-5-127. Assertion of Claim Arising Out of Custodial Relationship
- § 44-5-128. (See Editor's notes.) Appointment of Successor Custodian
- § 44-5-129. Accounting by Custodian; Petition for Accounting
- § 44-5-130. Transfer of Custodial Property by Custodian to Minor or Minor's Estate
- § 44-5-131. Applicability to Transfers Made After July 1, 1990
- § 44-5-132. Applicability to Transfers Made Prior to July 1, 1990
- § 44-5-133. Uniform Applicability of Article
- § 44-5-134. Exceptions to Article
- Section 10 of Ga. L. 1972, p. 193, effective July 1, 1972, provided that it was the purpose of the Act to reduce the age of legal majority from 21 years of age to 18 years of age so that all persons, upon reaching the age of 18, would have the rights, privileges, powers, duties, responsibilities, and liabilities previously applicable to persons 21 years of age or over. The section further provided that the Act was not to be construed as having the effect of changing the definition of a minor or of an adult as defined in the former "The Georgia Gift to Minors Act" for the purposes of that Act.
Ga. L. 1990, p. 667, § 1, effective July 1, 1990, repealed the Code sections formerly codified at this article and enacted the current article. The former article, concerning the Georgia Gift to Minors Act, consisted of §§ 44-5-110 through44-5-124 and was based on Ga. L. 1955, p. 592, §§ 1-13; Ga. L. 1957, p. 98, § 1; Ga. L. 1960, p. 232, § 1; Ga. L. 1969, p. 24, §§ 1-8; Ga. L. 1981, Ex. Sess., p. 8; Ga. L. 1983, p. 3, § 33, Ga. L. 1984, p. 22, § 44, and Ga. L. 1985, p. 819, §§ 1-3.
Law reviews.- For article surveying trust and estate law in 1984-1985, see 37 Mercer L. Rev. 443 (1985). For article discussing the custodian as a fiduciary under this article, see 7 Ga. St. B.J. 175 (1970).
RESEARCH REFERENCES
ALR.
- Gift of savings deposit by delivery of passbook, 40 A.L.R. 1249; 84 A.L.R. 558.
Right of parent as against creditor or lienor to make gift to minor child of latter's own services, 44 A.L.R. 876.
"Business situs" for purposes of property taxation of intangibles in state other than domicile of owner, 143 A.L.R. 361.
Construction and effect of Uniform Gifts to Minors Act, 50 A.L.R.3d 528.
