A transfer may be made only for one minor, and only one person may be custodian. All custodial property held under the authority of this article by the same custodian for the benefit of the same minor constitutes a single custodianship.
History. Code 1981, § 44-5-120 , enacted by Ga. L. 1990, p. 667, § 1.
Structure Georgia Code
Chapter 5 - Acquisition and Loss of Property
Article 5 - The Georgia Transfers to Minors Act
§ 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
§ 44-5-116. 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
§ 44-5-125. Compensation; Expenses of Custodian; Bond
§ 44-5-127. Assertion of Claim Arising Out of Custodial Relationship
§ 44-5-128. 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