Under the contract of gift one party (the donor) without compensation transfers or undertakes the duty to transfer to the other party (the donee) property in ownership or a property right (or claim) against itself or against a third person, or frees or undertakes the duty to free it from a property obligation to itself or to a third person.
It is not allowed to make a gift:
1) in the name of minors and of citizens declared lacking dispositive capacity, by their legal representatives;
2) to state employees and employees of bodies of local self-government in connection with their official position or in connection with their fulfillment of official obligations;
3) in relations among commercial organizations.
4) other cases for prohibition of gift may be provided by law.
