1546 Laws of Maryland [Ch. 719
(1) If the subject of the gift is a security in registered form,
by registering it 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........................................under the Maryland
(name of minor)
Uniform Gifts to Minors Act";
(2) If the subject of the gift is a security not in registered form,
by delivering it to an adult other than the donor, 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
I,........................................hereby deliver to........................................
(name of donor) (name of custodian)
as custodian for..............................under the Maryland Uniform Gifts
(name of minor)
to Minors Act, the following security(ies): (insert an appropriate
description of the security or securities delivered sufficient to identify
it or them) ....................................................................................hereby
(signature of donor) (name of custodian)
acknowledges receipt of the above described security (ies) as custo-
dian 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 financial institution, for credit to an account 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 ........................................ under the Maryland Uniform Gifts to
(name of minor)
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 com-
pany, followed, in substance, by the words: "as custodian for
........................................under the Maryland Uniform Gifts to Minors
(name of minor)
Act."
(5) If the subject of the gift is an interest in real estate, by
executing and delivering in the appropriate manner a deed, assign-
ment, or similar instrument in the name of the donor, another adult,
or guardian of the minor, or a trust company, followed, in substance,
by the words: "as custodian for ........................................ under the
(name of minor)
Maryland Uniform Gifts to Minors Act."
(6) If the subject of the gift is an interest in any property not
described in subsections (l)-(5), above, inclusive, by causing the
ownership of the property to be transferred by any written document
in the name of the donor, another adult, a guardian, of the minor
or a trust company, followed, in substance, by words: "as custodian
for ........................................ under the Maryland Uniform Gifts to
(name of minor)
Minors Act."
|