Official Code of Georgia Annotated

Title 44. PROPERTY · Chapter 5. ACQUISITION AND LOSS OF PROPERTY · Article 5. THE GEORGIA TRANSFERS TO MINORS ACT

44-5-132. Applicability to transfers made prior to July 1, 1990.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
Any transfer of custodial property as now defined in this article made before July 1, 1990, is validated notwithstanding that there was no specific authority in former Article 5 of this chapter, known as ‘‘The Georgia Gifts to Minors Act,’’ for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made.#
(b)
This article applies to all transfers made before July 1, 1990, in a manner and form prescribed in former Article 5 of this chapter, known as ‘‘The Georgia Gifts to Minors Act,’’ except insofar as the application impairs constitutionally vested rights or extends the duration of custodianships in existence on July 1, 1990.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 44-5-132, enacted by Ga. L. 1990, p. 667, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t44-ch1-7-(v31)-2010-pdf.pdf, Volume V31, 2010 edition, page 495; merge action: carried; file SHA-256 490191d3dc54.

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