Sections
3 entriesSection 1146Defines a “gift” as a voluntary transfer of personal property made without consideration. The definition requires personal property, voluntariness, and absence of…Section 1147Prohibits a verbal gift from being valid unless the donor gives the donee the means of obtaining possession and control of the…Section 1148Prohibits a donor from revoking a gift once made, except when the gift is made in view of impending death. The provision…