172                                 Laws of Maryland                         [Ch. 137

(h) An "issuer" is a person who places or authorizes the placing
of his name on a security (other than as a transfer agent) to evi-
dence that it represents a share, participation or other interest in
his property or in an enterprise or to evidence his duty or under-
taking to perform an obligation evidenced by the security, or who
becomes responsible for or in place of any such person.

(i) A "legal representative" of a person is his executor or the
administrator, general guardian, guardian, committee, conservator,
tutor or curator of his property or estate.

(j) A "member" of a "minor's family" means any of the minor's
parents, grandparents, brothers, sisters, uncles and aunts, whether
of the whole blood or the half blood, or by or through legal adoption.

(k) A "minor" is a person who has not attained the age of twenty-
one years.

(l) A "security" includes any note, stock, treasury stock, bond,
debenture, evidence of indebtedness, collateral trust certificate, trans-
ferable share, voting trust certificate or, in general, any interest or
instrument commonly known as a security, or any certificate of in-
terest or participation in, any temporary or interim certificate, re-
ceipt or certificate of deposit for, or any warrant or right to subscribe
to or purchase, any of the foregoing. The term does not include a
security of which the donor is the issuer. A security is in "registered
form" when it specifies a person entitled to it or to the rights it
evidences and its transfer may be registered upon books maintained
for that purpose by or on behalf of the issuer.

(m) A "transfer agent" is a person who acts as authenticating
trustee, transfer agent, registrar or other agent for an issuer in the
registration of transfers of its securities or in the issue of new
securities or in the cancellation of surrendered securities.

(n) A "trust company" is any banking institution formed pur-
suant to Article 11 of the Annotated Code, title "Banks and Trust
Companies".

310B. Manner of Making Gift, (a) An adult person may, during
his lifetime, make a gift of a security or money to a person who is
a minor on the date of the gift:

(1)  If the subject of the gift is a security in registered form, by
registering it in the name of the donor, another adult person, an
adult member of the minor's family, a guardian of the minor or
a trust company, followed, in substance, by the words: "as custodian
for................................................under the Maryland Uniform Gifts

(name of minor)
to Minors Act";

(2)  If the subject of the gift is a security not in registered form,
by delivering it to an adult person other than the donor, an adult
member, other than the donor, of the minor's family, a guardian
of the minor or a trust company, accompanied by a statement of
gift in the following form, in substance, signed by the donor and
the person designated as custodian:

"Gift Under the Maryland Uniform Gifts to Minors Act