Sec. 141.005. TRANSFER BY GIFT OR EXERCISE OF POWER OF APPOINTMENT. 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 under Section 141.010.
Amended by Acts 1995, 74th Leg., ch. 1043, Sec. 1, eff. Sept. 1, 1995. Renumbered from Property Code Sec. 5 by Acts 1997, 75th Leg., ch. 165, Sec. 31.01(72), eff. Sept. 1, 1997.
Structure Texas Statutes
Title 10 - Miscellaneous Beneficial Property Interests
Subtitle A - Persons Under Disability
Chapter 141 - Transfers to Minors
Section 141.003. Scope and Jurisdiction
Section 141.004. Nomination of Custodian
Section 141.005. Transfer by Gift or Exercise of Power of Appointment
Section 141.006. Transfer Authorized by Will or Trust
Section 141.007. Other Transfer by Fiduciary
Section 141.008. Transfer by Obligor
Section 141.009. Receipt for Custodial Property
Section 141.011. Single Custodianship
Section 141.012. Validity and Effect of Transfer
Section 141.013. Care of Custodial Property
Section 141.014. Powers of Custodian
Section 141.015. Use of Custodial Property
Section 141.016. Custodian's Expenses, Compensation, and Bond
Section 141.017. Exemption of Third Person From Liability
Section 141.018. Liability to Third Person
Section 141.020. Accounting by and Determination of Liability
Section 141.021. Termination of Custodianship
Section 141.022. Applicability
Section 141.023. Effect on Existing Custodianships
Section 141.024. Uniformity of Application and Construction
Section 141.025. Additional Transfers to Custodianships in Existence Before Effective Date of Act