Ch. 638

LAWS OF MARYLAND

(C)  THE COURT, IN A PROCEEDING UNDER THIS SUBTITLE OR IN
ANY OTHER PROCEEDING, MAY REQUIRE OR PERMIT THE CUSTODIAN OR THE
CUSTODIAN'S LEGAL REPRESENTATIVE TO ACCOUNT.

(D)   IF A CUSTODIAN IS REMOVED UNDER § 13-318(F) OF THIS
SUBTITLE, THE COURT SHALL REQUIRE AN ACCOUNTING AND ORDER
DELIVERY OF THE CUSTODIAL PROPERTY AND RECORDS TO THE SUCCESSOR
CUSTODIAN AND THE EXECUTION OF ALL INSTRUMENTS REQUIRED FOR
TRANSFER OF THE CUSTODIAL PROPERTY.

13-320.

THE CUSTODIAN SHALL TRANSFER IN AN APPROPRIATE MANNER THE
CUSTODIAL PROPERTY TO THE MINOR OR TO THE MINOR'S ESTATE UPON THE
EARLIER OF:

(1)  THE MINOR'S ATTAINMENT OF 21 YEARS OF AGE WITH
RESPECT TO CUSTODIAL PROPERTY TRANSFERRED UNDER § 13-304 OR §
13-305 OF THIS SUBTITLE;

(2)  THE MINOR'S ATTAINMENT OF AGE 18 WITH RESPECT TO
CUSTODIAL PROPERTY TRANSFERRED UNDER § 13-306 OR § 13-307 OF THIS
SUBTITLE; OR

(3)  THE MINOR'S DEATH.

13-321.

THIS SUBTITLE APPLIES TO A TRANSFER WITHIN THE SCOPE OF §
13-302 OF THIS SUBTITLE MADE JULY 1, 1989 IF:

(1)  THE TRANSFER PURPORTS TO HAVE BEEN MADE UNDER THE
MARYLAND UNIFORM GIFTS TO MINORS ACT; OR

(2)  THE INSTRUMENT BY WHICH THE TRANSFER PURPORTS TO
HAVE BEEN MADE USES IN SUBSTANCE THE DESIGNATION "AS CUSTODIAN
UNDER THE UNIFORM GIFTS TO MINORS ACT" OR "AS CUSTODIAN UNDER THE
UNIFORM TRANSFERS TO MINORS ACT" OF ANY OTHER STATE, AND THE
APPLICATION OF THIS SUBTITLE IS NECESSARY TO VALIDATE THE
TRANSFER.

13-322.

(A)  ANY TRANSFER OF CUSTODIAL PROPERTY AS NOW DEFINED IN
THIS SUBTITLE MADE BEFORE JULY 1, 1989 IS VALIDATED
NOTWITHSTANDING THAT THERE WAS NO SPECIFIC AUTHORITY IN THE
MARYLAND UNIFORM GIFTS TO MINORS ACT FOR THE COVERAGE OF
CUSTODIAL PROPERTY OF THAT KIND OR FOR A TRANSFER FROM THAT
SOURCE AT THE TIME THE TRANSFER WAS MADE.

(B)  THIS SUBTITLE APPLIES TO ALL TRANSFERS MADE BEFORE JULY
1, 1989 IN A MANNER AND FORM PRESCRIBED IN THE MARYLAND UNIFORM
GIFTS TO MINORS ACT, EXCEPT INSOFAR AS THE APPLICATION IMPAIRS

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