MARVIN MANDEL, Governor                                   185

THE CUSTODIAN SHALL PAY OVER TO THE MINOR FOR
EXPENDITURE BY HIM, OR EXPEND FOR THE MINOR'S BENEFIT, SO
MUCH OF OR ALL THE CUSTODIAL PROPERTY AS THE CUSTODIAN
DEEMS ADVISABLE FOR THE SUPPORT, MAINTENANCE, EDUCATION,
AND BENEFIT OF THE MINOR IN THE MANNER, AT THE TIME OR
TIMES, AND TO THE EXTENT THAT THE CUSTODIAN IN HIS
DISCRETION DEEMS SUITABLE AND PROPER, WITH OR WITHOUT
COURT ORDER, WITH OR WITHOUT REGARD TO THE DUTY OF
HIMSELF OR OF ANY OTHER PERSON TO SUPPORT THE MINOR OR
HIS ABILITY TO DO SO, AND WITH OR WITHOUT REGARD TO ANY
OTHER INCOME OR PROPERTY OF THE MINOR WHICH MAY BE
APPLICABLE OR AVAILABLE FOR ANY SUCH PURPOSE.

(C)   COURT ORDER DIRECTING EXPENDITURE.

THE COURT, ON THE PETITION OF A PARENT OR GUARDIAN
OF THE MINOR OR THE MINOR, IF HE HAS ATTAINED THE AGE OF
14 YEARS, MAY ORDER THE CUSTODIAN TO PAY OVER TO THE
MINOR FOR EXPENDITURE BY HIM OR TO EXPEND SO MUCH OF OR
ALL THE CUSTODIAL PROPERTY AS IS NECESSARY FOR THE
SUPPORT, MAINTENANCE, OR EDUCATION OF THE MINOR [[,
MAINTENANCE, OR EDUCATION]].

(D)  DUTY TO DELIVER, CONVEY, OR PAY OVER UNEXPENDED
CUSTODIAL PROPERTY.

TO THE EXTENT THAT THE CUSTODIAL PROPERTY IS NOT
EXPENDED, THE CUSTODIAN SHALL DELIVER, CONVEY, OR PAY IT
OVER TO THE MINOR ON HIS ATTAINING THE AGE OF 18 YEARS
OR, IF THE MINOR DIES BEFORE ATTAINING THE AGE OF 18
YEARS, HE SHALL THEREUPON DELIVER OR PAY IT OVER TO THE
ESTATE OF THE MINOR.

(E)   INVESTMENTS; RETENTION OF SECURITY.

THE CUSTODIAN, NOTWITHSTANDING STATUTES RESTRICTING
INVESTMENTS BY FIDUCIARIES, SHALL INVEST AND REINVEST THE
CUSTODIAL PROPERTY AS WOULD A PRUDENT MAN OF DISCRETION
AND INTELLIGENCE WHO IS SEEKING A REASONABLE INCOME AND
THE PRESERVATION OF HIS CAPITAL, EXCEPT THAT HE MAY, IN
HIS DISCRETION AND WITHOUT LIABILITY TO THE MINOR OR HIS
ESTATE, RETAIN A SECURITY GIVEN TO THE MINOR IN A MANNER
PRESCRIBED IN THIS SUBTITLE OR HOLD MONEY SO GIVEN IN AN
ACCOUNT IN THE FINANCIAL INSTITUTION TO WHICH IT WAS PAID
OR DELIVERED BY THE DONOR.

(F)   POWERS AS TO CUSTODIAL PROPERTY GENERALLY.

THE CUSTODIAN MAY SELL, EXCHANGE, CONVERT,
SURRENDER, OR OTHERWISE DISPOSE OF CUSTODIAL PROPERTY IN
THE MANNER, AT THE TIME OR TIMES, FOR THE PRICE OR PRICES
AND UPON THE TERMS HE DEEMS ADVISABLE. HE MAY VOTE IN
PERSON OR BY GENERAL OR LIMITED PROXY A SECURITY WHICH IS
CUSTODIAL PROPERTY. HE MAY CONSENT, DIRECTLY OR THROUGH