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 § 9-26-209.
Transfer by gift or exercise of power of appointment
Ark. Code Ann. § 9-26-204 — under Rights Respecting Business and Property.
Ark. Code Ann. § 9-26-204