Theodore R. McKeldin, Governor                   173

I,........................................,hereby deliver to........................................

(name of donor)                                (name of custodian)

as custodian for........................................................under the Maryland

(name of minor)

Uniform Gifts to Minors Act, the following security(ies): (insert an
appropriate description of the security or securities delivered suf-
ficient to identify it or them)

(signature of donor)

........................................hereby acknowledges receipt of the above

(name of custodian)

described security (ies) as custodian for the above minor under the
Maryland Uniform Gifts to Minors Act.

Dated:........................................................................................................

(signature of custodian)"

(3) If the subject of the gift is money, by paying or delivering it
to a broker or a bank for credit to an account in the name of the
donor, another adult person, an adult member of the minor's family,
a guardian of the minor or a bank with trust powers, followed, in

substance, by the words: "as custodian for..............................................

(name of minor)
under the Maryland Uniform Gifts to Minors Act".

(b)  Any gift made in a manner prescribed in Subsection (a) may
be made to only one minor and only one person may be the custodian.

(c)  A donor who makes a gift to a minor in a manner prescribed
in Sub-section (a) shall promptly do all things within his power to
put the subject of the gift in the possession and control of the
custodian, but neither the donor's failure to comply with this sub-
section, nor his designation of an ineligible person as custodian, nor
renunciation by the person designated as custodian affects the con-
summation of the gift.

310C. Effect of Gift, (a) A gift made in a manner prescribed in
this sub-title is irrevocable and conveys to the minor indefeasibly
vested legal title to the security or money given, but no guardian of
the minor has any right, power, duty or authority with respect to the
custodial property except as provided in this sub-title.

(b) By making a gift in a manner prescribed in this sub-title, the
donor incorporates in his gift all the provisions of this sub-title and
grants to the custodian, and to any issuer, transfer agent, bank,
broker or third person dealing with a person designated as custodian,
the respective powers, rights and immunities provided in this sub-
title.

310D. Duties and Powers of Custodian, (a) The custodian shall
collect, hold, manage, invest and reinvest the custodial property.

(b) The custodian shall pay over to the minor for expenditure by
him, or expend for the minor's benefit, so much of or all the custodial
property as the custodian deems advisable for the support, mainte-
nance, education and benefit of the minor in the manner, at the time
or times, and to the extent that the custodian in his discretion deems
suitable and proper, with or without court order, with or without
regard to the duty of himself or of any other person to support the