WILLIAM DONALD SCHAEFER, Governor Ch. 638

as custodian 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 .......... (name of minor) under the

Maryland Uniform Gifts to 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 company, followed, in substance, by the

words: "as custodian for .......... (name of minor) under the

Maryland Uniform Gifts to Minors Act".

(5)   If the subject of the gift is an interest in real
estate, by executing and delivering in the appropriate manner a
deed, assignment, or similar instrument in the name of donor,
another adult, or guardian of the minor, or a trust company,
followed, in substance, by the words: "as custodian for

.......... (name of minor) under the 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 .......... (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 will 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 and form provided in the preceding
paragraphs of this subsection.

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