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.
Ala. Code § 35-5A-5
Transfer by Gift or Exercise of Power of Appointment.
Known as the Alabama Uniform Transfers to Minors Act
The act spans §§ 35–35 (24 sections).
(Acts 1986, No. 86-453, p. 819, §4.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.