CODE OF VIRGINIA TRANSFER BY GIFT OR EXERCISE OF POWER OF APPOINTMENT (§ 64.2-1903) 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 § 64.2-1908. HISTORY: 1988, c. 516, § 31-40; 2012, c. 614.