As used in this chapter, the term:
(3.1) “Gift” means a transfer of property for less than adequate consideration in money or money’s worth that is not a renunciation within the meaning of Code Section 53-1-20.
History. Code 1981, § 10-6B-2 , enacted by Ga. L. 2017, p. 435, § 2-1/HB 221; Ga. L. 2018, p. 520, § 2/HB 897; Ga. L. 2018, p. 1089, § 2/SB 301.
The 2018 amendments.
The first 2018 amendment, effective July 1, 2018, added paragraph (3.1). The second 2018 amendment, effective July 1, 2018, added “and shall include digital assets and electronic communications, as such terms are defined in Code Section 53-13-2” at the end of paragraph (10).
Law reviews.
For article on the 2018 amendment of this Code section, see 35 Ga. St. U.L. Rev. 204 (2018).
Structure Georgia Code
Chapter 6B - Georgia Power of Attorney
Article 1 - General Provisions
§ 10-6B-4. Power of Attorney Is Durable
§ 10-6B-5. Execution of Power of Attorney
§ 10-6B-6. Validity of Power of Attorney; Effect of Copy
§ 10-6B-9. When Power of Attorney Effective
§ 10-6B-11. Designation of Coagents; Role of Successor Agent; Notification of Violation
§ 10-6B-13. Agent’s Acceptance of Appointment
§ 10-6B-17. Agent’s Liability to Principal
§ 10-6B-18. Resignation of Agent
§ 10-6B-20. Liability for Refusal to Accept Power of Attorney
§ 10-6B-21. Principles of Law and Equity
§ 10-6B-22. Laws Applicable to Financial Institutions and Entities