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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>77870</law_id><section_number>64.2-1903</section_number><catch_line>Transfer by gift or exercise of power of appointment</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>64.2-1908</reference><reference>64.2-1914</reference><reference>64.2-1917</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="64.2">Wills, Trusts, and Fiduciaries</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Fiduciaries and Guardians</unit><unit label="part" level="3" order_by="1" identifier="C">Guardianship of Minor</unit><unit label="chapter" level="4" order_by="1" identifier="19">Virginia Uniform Transfers to Minors Act</unit></structure><text>
						<section><p>A <span class="dictionary">person</span> may make a <span class="dictionary">transfer</span> by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a <span class="dictionary">custodian</span> for the benefit of a <span class="dictionary">minor</span> pursuant to &#xA7;&#xA0;<a class="law" title="Manner of creating custodial property and effecting transfer; designation of initial custodian; control" href="/64.2-1908/">64.2-1908</a>.</p></section></text><history>1988, c. 516, &#xA7; 31-40; 2012, c. 614.</history><metadata></metadata></law>
