Louisiana Revised Statutes 9:754 – Transfer by gift
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Terms Used In Louisiana Revised Statutes 9:754
- Custodian: means a person so designated under La. See Louisiana Revised Statutes 9:751
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Minor: means an individual who has not attained the age of twenty-two years. See Louisiana Revised Statutes 9:751
- Person: means an individual, corporation, organization, or other legal entity. See Louisiana Revised Statutes 9:751
- Transfer: means a transaction that creates custodial property under La. See Louisiana Revised Statutes 9:751
A person may make a transfer by irrevocable gift to a custodian for the benefit of a minor pursuant to La. Rev. Stat. 9:759.
Acts 1987, No. 469, §1, eff. Jan. 1, 1988.