126                               LAWS OF MARYLAND                          [CH. 4

merit of designation of the successor custodian or a true copy thereof
and any additional instruments required for the transfer thereof to
the successor custodian.

(c)    Putting custodial property in possession of successor custo-
dian; two or more instruments of designation.—A custodian who
executes an instrument of designation of his successor containing the
custodian's resignation as provided in subsection (a) shall promptly
do all things within his power to put each item of the custodial prop-
erty in the possession and control of the successor custodian named
in the instrument. The legal representative of a custodian who dies
or becomes legally incapacitated shall promptly do all things within
his power to put each item of the custodial property in the possession
and control of the successor custodian named in an instrument of
designation executed as provided in subsection (a) by the custodian
or, if none, in the possession and control of the guardian of the mi-
nor if he has a guardian. If the custodian has executed as provided
in subsection (a) more than one instrument of designation, his legal
representative shall treat the instrument dated on an earlier date as
having been revoked by the instrument dated on a later date.

(d)    Ineligibility, death or incapacity of custodian or successor
custodian.—If a person designated as custodian or as successor
custodian or by the custodian as provided in subsection (a) is not
eligible, dies or becomes legally incapacitated before the minor at-
tains the age of twenty-one years, and if the minor has a guardian,
the guardian of the minor shall be custodian or successor custodian.
If the minor has no guardian and if no successor custodian who is
eligible and has not died or become legally incapacitated has been
designated as provided in subsection (a), a donor, his legal repre-
sentative, the legal representative of the custodian or an adult mem-
ber of the minor's family, or the minor, if he has attained the age
of fourteen years, may petition the court for the designation of a
successor custodian. Nothing in this subsection (d) shall affect the
power of a personal representative or trustee to appoint a custodian
pursuant to paragraphs (7) and (8) of subsection 302 (a) of this
subtitle, or the power of an owner of a life insurance policy or an-
nuity contract to appoint a successor custodian pursuant to sub-
section 302(d).

(e)    Petition for removal of custodian or for bond.—A donor, the
legal representative of a donor, a successor custodian, an adult mem-
ber of the minor's family, a guardian of the minor or the minor, if
he has attained the age of fourteen years, may petition the court
that, for cause shown in the petition, the custodian be removed and
a successor custodian be designated or, in the alternative, that the
custodian be required to give bond for the perform