Vermont Statutes Title 14 Sec. 3214
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Terms Used In Vermont Statutes Title 14 Sec. 3214
- Custodian: means a person so designated under section 3219 of this title or a successor or substitute custodian designated under section 3228 of this title. See
- 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 21 years of age. See
- Person: means an individual, corporation, organization, or other legal entity. See
- Transfer: means a transaction that creates custodial property under section 3219 of this title. See
§ 3214. 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, pursuant to section 3219 of this title. (Added 2015, No. 7, § 1.)