Page:United States Statutes at Large Volume 79.djvu/789

 79 STAT. ]

PUBLIC LAW 89-183-SEPT. 14, 1965

stance, by the words: "as custodian for [name of minor] under the District of Columbia Uniform Gifts to Minors Act"; and (3) delivering to the successor custodian the instrument of resignation, each security registered in the name of the successor custodian, each life insurance or annuity contract registered in the name of the successor custodian, and all other custodial property, together with any additional instruments required for the transfer thereof. (c) A custodian, whether or not a donor, may petition the court for permission to resign and for the designation of a successor custodian. (d) When the person designated as custodian is not eligible, renounces or dies before the minor attains the age of 21 years, the guardian of the minor shall be successor custodian. When the minor has no guardian, a donor, his legal representative, the legal representative of the custodian, an adult member of the minor's family, or the minor, if he has attained the age of 14 years, may petition the court for the designation of a successor custodian. (e) A donor, the legal representative of a donor, an adult member of the minor's family, a guardian of the minor, or the minor if he has attained the age of 14 years, may petition the court that, for cause shown in the petition, the custodian be removed and a successor custodian be designated or, in the alternative, that the custodian be required to give bond for the performance of his duties. (f) Upon the filing of a petition as provided by this section, the court shall grant an order, directed to those persons and returnable on such notice as the court requires, to show cause why the relief prayed for in the petition should not be granted and, in due course, grant such relief as the court finds to be in the best interests of the minor. § 21-308. Accounting by custodian or his legal representative (a) A minor, if he has attained the age of 14 years, or the legal representative of a minor, an adult member of the minor's family, or a donor or his legal representative, may petition the court for an accounting by the custodian or his legal representative. (b) The court, in a proceeding under this chapter or otherwise, may require or permit the custodian or his legal representative to account and, if the custodian is removed, shall so require and order delivery of all custodial property to the successor custodian and the execution of all instruments required for the transfer thereof. § 21-309. Construction of chapter The method for making gifts to minors provided by this chapter is not exclusive. §21-310. Short title This chapter may be cited as the "District of Columbia Uniform Gifts to Minors Act". § 21-311. Preservation of prior rights and liabilities; construction with other laws This chapter does not affect rights and liabilities under the Act approved August 3, 1956 (chapter 947, 70 Stat. 1028), existing on December 31, 1962; nor does it supersede or modify the Internal Revenue Code of 1954, as amended (Title 26, United States Code), or the District of Columbia Income and Franchise Tax Act of 1947, as amended (subchapter II of chapter 15 of Title 47 of this Code).

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^SA Stat. 3. D^C^*^* ^^^47 1551 note.

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