SPIRO T. AGNEW, Governor                       559

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 guard-
ian 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

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
sufficient 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 gifts GIFT is money, by paying or de-
livering it to a broker or a [bank] financial institution, 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] company, followed, in substance, by

the words: "as custodian for .......................................... under the

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

(4) If the subject of the gift is a life insurance policy or annuity
contract, by causing the ownership of the policy or contract to be
registered with the issuing insurance company in the name of the
donor, another adult, a guardian of the minor or a trust company,

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

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

(5) If the gift is by will, by stating in the will that the bequest
is made under the Maryland Uniform Gifts to Minors Act. Unless the
testator in his will desigantes DESIGNATES the custodian, who
shall be an adult, a guardian of the minor or a trust company, his
personal representative shall, subject to any limitations contained
within the will, have the power to name as the custodian an adult, a
guardian of the minor or a trust company, and shall distribute the
subject of the gift by transferring it in the manner and form pro-
vided in the preceding paragraphs of this subsection.