MARVIN MANDEL, Governor                                    183

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 (1)-(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 ..........

(NAME OF MINOR)
UNDER THE MARYLAND UNIFORM GIFTS TO MINORS ACT."

(7)     IF THE GIFT IS DISTRIBUTABLE BY A
PERSONAL REPRESENTATIVE BY WILL, BY STATING IN THE WILL
THAT THE BEQUEST OR DEVISE IS MADE UNDER THE MARYLAND
UNIFORM GIFTS TO MINORS ACT OR BY THE PERSONAL
REPRESENTATIVE ELECTING THE PROCEDURES IN § 9-109(B) OF
THIS ARTICLE.

UNLESS THE TESTATOR IN HIS SILL 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 AMD FORM PROVIDED IN THE PRECEDING PARAGRAPHS
OF THIS SUBSECTION.

(8)    IF THE GIFT IS DISTRIBUTABLE BY TRUSTEES
UNDER A WILL OR A LIVING TRUST INSTRUMENT, BY THE
TRUSTEES MAKING A TRANSFER OF THE PROPERTY TO A
CUSTODIAN, WHO SHALL HOLD OR DISPOSE OF THE PROPERTY IN
ACCORDANCE WITH THE PROVISIONS OF THE MARYLAND UNIFORM
GIFTS TO MINORS ACT. UNLESS THE CUSTODIAN, WHO SHALL BE
AN ADULT, A GUARDIAN OF THE MINOR, OR A TRUST COMPANY, IS
DESIGNATED IN THE WILL OR LIVING TRUST INSTRUMENT, THE
TRUSTEE SHALL, SUBJECT TO ANY LIMITATIONS CONTAINED
WITHIN THE WILL OR LIVING TRUST INSTRUMENT, HAVE THE
POWER TO NAME AS 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 PROVIDED IN THE PRECEDING PARAGRAPHS OF THIS
SUBSECTION.

(B)    GIFT LIMITED TO ONE MINOR; ONE CUSTODIAN ONLY.

ANY GIFT MADE IN A MANNER PRESCRIBED IN SUBSECTION
(A) MAY BE MADE TO ONLY ONE MINOR AND ONLY ONE PERSON MAY
BE THE CUSTODIAN.

(C)   MATTERS NOT AFFECTING CONSUMMATION OF GIFT.