Maine Revised Statutes Title 33 Sec. 1655 – Transfer by gift or exercise of power of appointment
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Terms Used In Maine Revised Statutes Title 33 Sec. 1655
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
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 1660. [PL 1987, c. 734, §2 (NEW).]
SECTION HISTORY
PL 1987, c. 734, §2 (NEW).