MARVIN MANDEL, Governor                                   179

REQUIRES:

(A) ADULT.

AN "ADULT" IS A PERSON WHO HAS ATTAINED THE AGE OF
18 YEARS.

(E) BANK.

A "BANK" IS ANY BANKING INSTITUTION FORMED PURSUANT
TO ARTICLE 11 OF THE ANNOTATED CODE, TITLE "BANKS AND
TRUST COMPANIES," OR PURSUANT TO THE LAWS OF ANOTHER
STATE OR PURSUANT TO THE LAWS OF THE UNITED STATES AS A
NATIONAL BANK.

(C)   BROKER.

A "BROKER" IS A PERSON LAWFULLY ENGAGED IN THE
BUSINESS OR EFFECTING TRANSACTIONS IN SECURITIES FOR THE
ACCOUNT OF OTHERS. THE TERM INCLUDES A BANK WHICH
EFFECTS SUCH TRANSACTIONS. THE TERM ALSO INCLUDES A
PERSON LAWFULLY ENGAGED IN BUYING AND SELLING SECURITIES
FOR HIS OWN ACCOUNT, THROUGH A BROKER OR OTHERWISE, AS A
PART OF A REGULAR BUSINESS.

(D)   COURT.

"COURT" MEANS THE CIRCUIT COURTS.

(E)   CUSTODIAL PROPERTY,,

THE "CUSTODIAL PROPERTY" INCLUDES: (1) ALL
SECURITIES, LIFE INSURANCE POLICIES, ANNUITY CONTRACTS,
REAL ESTATE, TANGIBLE PERSONAL PROPERTY, MONEY, AND ANY
OTHER TYPE OF PROPERTY UNDER THE SUPERVISION OF THE SAME
CUSTODIAN FOR THE SAME MINOR AS A CONSEQUENCE OF A GIFT
OR GIFTS MADE TO THE MINOR IN A MANNER PRESCRIBED IN THIS
SUBTITLE; AND (2) THE INCOME THEREFROM, AND THE PROCEEDS,
FROM THE SALE, EXCHANGE, CONVERSION, INVESTMENT,
REINVESTMENT, SURRENDER OR OTHER DISPOSITION OF SUCH
SECURITIES, MONEY, LIFE INSURANCE POLICIES, ANNUITY
CONTRACTS, REAL ESTATE, TANGIBLE PERSONAL PROPERTY, AND
OTHER PROPERTY.

(F)   CUSTODIAN.

A "CUSTODIAN" IS A PERSON DESIGNATED IN A MANNER
PRESCRIBED IN THIS SUBTITLE; THE TERM INCLUDES A
SUCCESSOR CUSTODIAN.

(G)   FINANCIAL INSTITUTION.

A "FINANCIAL INSTITUTION" IS A BANK, A FEDERAL
SAVINGS AND LOAN ASSOCIATION, A SAVINGS INSTITUTION