Ch. 638                                       LAWS OF MARYLAND

GOVERNED BY THE LAW OF THE DESIGNATED STATE AND MAY BE EXECUTED
AND IS ENFORCEABLE IN THIS STATE IF AT THE TIME OF THE TRANSFER,
THE TRANSFEROR, THE MINOR, OR THE CUSTODIAN IS A RESIDENT OF THE
DESIGNATED STATE OR THE CUSTODIAL PROPERTY IS LOCATED IN THE
DESIGNATED STATE.                                                                               

13-303.

(A)  A PERSON HAVING THE RIGHT TO DESIGNATE THE RECIPIENT OF
PROPERTY TRANSFERABLE UPON THE OCCURRENCE OF A FUTURE EVENT MAY
REVOCABLY NOMINATE A CUSTODIAN TO RECEIVE THE PROPERTY FOR A
MINOR BENEFICIARY UPON THE OCCURRENCE OF THE EVENT BY NAMING THE
CUSTODIAN FOLLOWED IN SUBSTANCE BY THE WORDS: "AS CUSTODIAN FOR

___________ (NAME OF MINOR) UNDER THE MARYLAND UNIFORM TRANSFERS

TO MINORS ACT".

(B)  THE NOMINATION MAY NAME 1 OR MORE PERSONS AS SUBSTITUTE
CUSTODIANS TO WHOM THE PROPERTY MUST BE TRANSFERRED, IN THE ORDER
NAMED, IF THE 1ST NOMINATED CUSTODIAN DIES BEFORE THE TRANSFER OR
IS UNABLE, DECLINES, OR IS INELIGIBLE TO SERVE.

(C)  THE NOMINATION MAY BE MADE IN A WILL, A TRUST, A DEED,
AN INSTRUMENT EXERCISING A POWER OF APPOINTMENT, OR IN A WRITING
DESIGNATING A BENEFICIARY OF CONTRACTUAL RIGHTS WHICH IS
REGISTERED WITH OR DELIVERED TO THE PAYOR, ISSUER, OR OTHER
OBLIGOR OF THE CONTRACTUAL RIGHTS.

(D)  A CUSTODIAN NOMINATED UNDER THIS SECTION MUST BE A
PERSON TO WHOM A TRANSFER OF PROPERTY OF THAT KIND MAY BE MADE
UNDER § 13-309(A) OF THIS SUBTITLE.

(E)  (1) THE NOMINATION OF A CUSTODIAN UNDER THIS SECTION
DOES NOT CREATE CUSTODIAL PROPERTY UNTIL THE NOMINATING
INSTRUMENT BECOMES IRREVOCABLE OR A TRANSFER TO THE NOMINATED
CUSTODIAN IS COMPLETED UNDER § 13-309 OF THIS SUBTITLE.

(2) UNLESS THE NOMINATION OF A CUSTODIAN HAS BEEN
REVOKED, UPON THE OCCURRENCE OF THE FUTURE EVENT THE
CUSTODIANSHIP BECOMES EFFECTIVE AND THE CUSTODIAN SHALL ENFORCE A
TRANSFER OF THE CUSTODIAL PROPERTY PURSUANT TO § 13-309 OF THIS
SUBTITLE.

13-304.

A PERSON MAY MAKE A TRANSFER BY IRREVOCABLE GIFT TO, OR THE
IRREVOCABLE EXERCISE OF A POWER OF APPOINTMENT IN FAVOR OF, A
CUSTODIAN FOR THE BENEFIT OF A MINOR PURSUANT TO § 13-309 OF THIS
SUBTITLE.

13-305.

(A) A PERSONAL REPRESENTATIVE OR TRUSTEE MAY MAKE AN
IRREVOCABLE TRANSFER PURSUANT TO § 13-309 OF THIS SUBTITLE TO A

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