186                                          LAWS OF MARYLAND                          [Ch. 11

A COMMITTEE OR OTHER AGENT, TO THE REORGANIZATION,
CONSOLIDATION, MERGER, DISSOLUTION, OR LIQUIDATION OF AN
ISSUER, A SECURITY OF WHICH IS CUSTODIAL PROPERTY, AND TO
THE SALE, LEASE, PLEDGE, OR MORTGAGE OF ANY PROPERTY BY
OR TO SUCH AN ISSUER, AND TO ANY OTHER ACTION BY SUCH AN
ISSUER. HE MAY EXECUTE AND DELIVER ANY AND ALL
INSTRUMENTS IN WRITING WHICH HE DEEMS ADVISABLE TO CARRY
OUT ANY OF HIS POWERS AS CUSTODIAN. WITH RESPECT TO ANY
INTEREST IN REAL ESTATE, HE MAY PERFORM THE SAME ACTS
THAT ANY UNMARRIED ADULT COULD PERFORM, INCLUDING, BUT
NOT LIMITED TO, THE POWER TO, BUY, SELL, ASSIGN,
TRANSFER, CONVEY, DEDICATE, PARTITION, EXCHANGE,
MORTGAGE, CREATE OR REDEEM GROUND RENTS, DEEDS, GRANT OR
EXERCISE OPTIONS, EFFECT AND KEEP IN FORCE FIRE, RENT,
LIABILITY, CASUALTY, AND OTHER INSURANCE; MAKE, EXECUTE,
ACKNOWLEDGE, AND DELIVER DEEDS, CONVEYANCES, MORTGAGES,
RELEASES, LEASES, INCLUDING LEASES FOR NINETY-NINE YEARS
RENEWABLE FOREVER, AND LEASES EXTENDING BEYOND THE
MINORITY OF THE MINOR; COLLECT RENTS; IMPROVE, SUBDIVIDE,
OR DEVELOP PROPERTY; CONSTRUCT, ALTER, DEMOLISH, OR
REPAIR PROPERTY; SETTLE BOUNDARY LINES AND EASEMENTS; PAY
TAXES; AND PROTECT ASSESSMENTS.

(G) DUTY TO REGISTER SECURITY AND KEEP CUSTODIAL
PROPERTY SEPARATE.

THE CUSTODIAN SHALL REGISTER EACH SECURITY WHICH IS
CUSTODIAL PROPERTY AND IN REGISTERED FORM IN THE NAME OF
THE CUSTODIAN, FOLLOWED, IN SUBSTANCE, BY THE WORDS: "AS

CUSTODIAN FOR.....................................UNDER

(NAME OF MINOR)

THE MARYLAND UNIFORM GIFTS TO MINORS ACT." THE CUSTODIAN
SHALL HOLD ALL MONEY WHICH IS CUSTODIAL PROPERTY IN AN
ACCOUNT WITH A BROKER OR IN AN INSURED FINANCIAL
INSTITUTION IN THE NAME OF THE CUSTODIAN, FOLLOWED, IN

SUBSTANCE, BY THE WORDS: "AS CUSTODIAN FOR .........

...................................... UNDER THE MARYLAND

(NAME OF MINOR)

UNIFORM GIFTS TO MINORS ACT." THE CUSTODIAN SHALL KEEP ALL
OTHER CUSTODIAL PROPERTY SEPARATE AND DISTINCT FROM HIS
OWN PROPERTY IN A MANNER TO IDENTIFY IT CLEARLY AS
CUSTODIAL PROPERTY.

(H) RECORDS.

THE CUSTODIAN SHALL KEEP RECORDS OF ALL TRANSACTIONS
WITH RESPECT TO THE CUSTODIAL PROPERTY AND MAKE THEM
AVAILABLE FOR INSPECTION AT REASONABLE INTERVALS BY A
PARENT OR LEGAL REPRESENTATIVE OF THE MINOR OR BY THE
MINOR, IF HE HAS ATTAINED THE AGE OF 14 YEARS.

(I) RIGHTS AND POWERS OF GUARDIAN.

A CUSTODIAN HAS WITH RESPECT TO THE CUSTODIAL