Massachusetts General Laws ch. 201A sec. 4 – Transfer by gift or exercise of power of appointment
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Section 4. 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 pursuant to section nine.
Terms Used In Massachusetts General Laws ch. 201A sec. 4
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.