558                               LAWS OF MARYLAND                        [CH. 235

[or person] appointed or qualified by a court of this State or an-
other state.

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

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

(k) A "life insurance policy or annuity contract" means a life
insurance policy or annuity contract as those terms are defined in
Article 48A of this Code, title "Insurance" issued by an insurance
company on the life of a minor to whom a gift of the policy or
contract is made in the manner prescribed in this subtitle or on the
life of a member of the minor's family.

[(j)] (l) 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)] (m) A "minor" is a person who has not attained the age
of twenty-one years.

[(1)] (n) A "security" includes any note, stock, treasury
stock, bond, debenture, evidence of indebtedness, collateral trust
certificate, transferable share, voting trust certificate or, in general,
any interest or instrument commonly known as a security, or any
certificate of interest or participation, in, any temporary or interim
CERTIFICATE, RECEIPT OR CERTIFICATE OF DEPOSIT FOR,
OR ANY WARRANT FOR, 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)] (o) A "transfer agent" is a person who acts as authenti-
cating 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)](p) A "trust company" is [any banking institution formed
pursuant to Article 11 of the Annotated Code, title "Banks and
Trust Companies."] a bank, corporation or other legal entity author-
ized to exercise trust powers.

214. Manner of making gift.

(a) An adult [person] may, during his lifetime or by will,
make a gift of a security, a life insurance policy or annuity contract
or money to a person who is a minor on the date of the gift or dis-
tribution:

(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