Tex. Prop. Code Section 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 (Manner of Creating Custodial Property and Effecting Transfer; Designation of Initial Custodian; Control).
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.

Source: Section 141.005 — Transfer by Gift or Exercise of Power of Appointment, https://statutes.­capitol.­texas.­gov/Docs/PR/htm/PR.­141.­htm#141.­005 (accessed May 11, 2024).

Accessed:
May 11, 2024

§ 141.005’s source at texas​.gov