Transfer by Gift or Exercise of Power of Appointment

760 ILCS 20/5, under Illinois Uniform Transfers to Minors Act.

760 ILCS 20/5

(760 ILCS 20/5) (from Ch. 110 1/2, par. 255)

    Sec. 5. 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 10.

(Source: P.A. 84-915.)