Page:United States Statutes at Large Volume 79.djvu/785

 79 STAT. ]

PUBLIC LAW 89-183-SEPT. 14, 1965

(5) "custodial property" means: (A) securities, money, life insurance and annuity contracts under the supervision of the same custodian for the same minor as a consequence of gifts made to the minor in the manner prescribed by this chapter; (B) the income from the custodial property; and (C) the proceeds, immediate and remote, from the sale, exchange, conversion, investment, reinvestment, or other disposition of securities, money, life insurance and annuity contracts, and income; (6) "custodian" lAeans a person so designated in the manner prescribed by this chapter; (7) "guardian of a minor" means the general guardian, guardian, tutor, or curator of the minor's property, estate, or person; (8) "issuer" means a person who places or authorizes the placing of his name, other than as a transfer agent, on a security to evidence that it represents a share, participation or other interest in his property or in an enterprise or to evidence his duty or undertaking to perform an obligation evidenced by the security, or who becomes responsible for or in place of such a person; (9) "legal representative" means the executor, administrator, general guardian, committee, conservator, tutor, or curator of a person's property or estate; (10) "life insurance and annuity contracts" include only insurance and annuity contracts on the life of a minor or a member of the minor's family as defined by clauses (11) and (12); (11) "member of a minor's family" includes a minor's parent, grandparent, brother, sister, uncle, and aunt, whether of the whole Blood or the half blood, or by or through legal adoption; (12) "minor" means a person who has not attained the age of 21 years; (13) "security" means a note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in an oil, gas, or mining title or lease or in payments out of production under such a title or lease, collateral trust certificate transferable, share, voting trust certificate, or, in general, an interest or instrument commonly known as a security, or a certificate of interest of participation in, a temporary or interim certificate, receipt, or certificate of deposit for, or a warrant or right to subscribe to or purchase, any of the foregoing; "security" does not include a security of which the donor is the issuer; a "security" is in "registered form" when it specifies a person entitled to it or to the right it evidences and its transfer may be registered upon books maintained for that purpose by or on behalf of the issuer; (14) "transfer agent" means one who acts as authenticating trustee, transfer agent, registrar, or other agent for an issuer m the registration of transfers of its securities or in the issue of new securities or in the cancellation of surrender securities; (15) "trust company" means a bank authorized to exercise trust powers. §21--302. Gifts of securities, money, life insurance, or annuity contracts to minors; manner of making (a) A n adult may, during his lifetime, make a gift of a security, money, life insurance or annuity contract to one who is a minor on the date of the gift, if the subject of the gift is a security: (1) in registered form, by registering it in the name of the donor, another adult, or a trust company, followed, in substance, by the words: "as custodian for [name o i minor] under the District of Columbia Uniform Gifts to Minors Act"; 49-850 0-66—50

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