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 § 35-7-110.
Transfer by gift or exercise of power of appointment
Tenn. Code Ann. § 35-7-105, under Tennessee Uniform Transfers to Minors Act.
Tenn. Code Ann. § 35-7-105