Ch. 638                                       LAWS OF MARYLAND

A DESCRIPTION OF THE CUSTODIAL PROPERTY SUFFICIENT, TO IDENTIFY
IT).

DATED:

(SIGNATURE)

___________ (NAME OF CUSTODIAN) ACKNOWLEDGES RECEIPT OF THE

PROPERTY DESCRIBED ABOVE AS CUSTODIAN FOR THE MINOR NAMED ABOVE

UNDER THE MARYLAND UNIFORM TRANSFERS TO MINORS ACT.

DATED:

(SIGNATURE OF CUSTODIAN)

(C) A TRANSFEROR SHALL PLACE THE CUSTODIAN IN CONTROL OF
THE CUSTODIAL PROPERTY AS SOON AS PRACTICABLE.

13-310..

(A)  A TRANSFER MAY BE MADE ONLY FOR i MINOR, AND ONLY 1
PERSON MAY BE THE CUSTODIAN.

(B)  ALL CUSTODIAL PROPERTY HELD UNDER THIS SUBTITLE BY THE
SAME CUSTODIAN FOR THE BENEFIT OF THE SAME MINOR CONSTITUTES A
SINGLE CUSTODIANSHIP.

13-311.

(A)  THE VALIDITY OF A TRANSFER MADE IN A MANNER PRESCRIBED
IN THIS SUBTITLE IS NOT AFFECTED BY:

(1)  FAILURE OF THE TRANSFEROR TO COMPLY WITH §
13-309(C) OF THIS SUBTITLE CONCERNING POSSESSION AND CONTROL;

(2)  DESIGNATION OF AN INELIGIBLE CUSTODIAN, EXCEPT
DESIGNATION OF THE TRANSFEROR IN THE CASE OF PROPERTY FOR WHICH
THE TRANSFEROR IS INELIGIBLE TO SERVE AS CUSTODIAN UNDER §
13-309(A) OF THIS SUBTITLE; OR

(3)  DEATH OR INCAPACITY OF A PERSON NOMINATED UNDER §
13-303 OF THIS SUBTITLE OR DESIGNATED UNDER § 13-309 OF THIS
SUBTITLE AS CUSTODIAN OR THE DISCLAIMER OF THE OFFICE BY THAT
PERSON.

(B)  A TRANSFER MADE UNDER § 13-309 OF THIS SUBTITLE IS
IRREVOCABLE, AND THE CUSTODIAL PROPERTY IS INDEFEASIBLY VESTED IN
THE MINOR, BUT THE CUSTODIAN HAS ALL THE RIGHTS, POWERS, DUTIES,
AND AUTHORITY PROVIDED IN THIS SUBTITLE, AND NEITHER THE MINOR
NOR THE MINOR'S LEGAL REPRESENTATIVE HAS ANY RIGHT, POWER, DUTY,
OR AUTHORITY WITH RESPECT TO THE CUSTODIAL PROPERTY EXCEPT AS
PROVIDED IN THIS SUBTITLE.

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