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Gift to Minor Under Uniform Gift to Minors Act
1. Delivery of Property to Custodian. I, [name], residing
at [address] (Donor), deliver to [name], residing at [address]
(Custodian), as Custodian for my child [name] (Minor), during my
child's minority, certificates representing [number] shares of
(Minor), during my child's minority, certificates representing
[number] shares of [name of corporation] stock [or, shares]
together with stock powers signed in blank.
2. Unrestricted Gift. This delivery constitutes an
unrestricted and irrevocable gift to Minor of the shares and vests in
Minor's full legal and equitable title to the shares including the
shares' earnings and proceeds.
3. Registration of Gift. During the periods of custodianship,
the shares shall be registered in Custodian's name, as custodian for
4. Powers of Custodian. Custodian, during the period of
custodianship, is authorized to:
a. Receive Income. Receive the income from the shares;
b. Vote the Shares. Exercise all the rights and
privileges of a shareholder in [name of corporation];
c. Sell the Shares. Sell the shares on a recognized
Exchange, and employ a broker and pay broker's
commissions for that purpose;
d. Reinvest Sales Proceeds. If the shares are sold,
reinvest the proceeds of the sale in other securities
or property; and
e. Powers With Regard to Substituted Property. If the
shares are sold and the proceeds reinvested, exercise
the same powers with regard to the substituted property
as are authorized with regard to the shares.
5. Duties of Custodian. Custodian, during the period of
a. Pay over to Minor all income earned by the shares or
by any property purchased with the proceeds of a sale
of the shares. The income need not be paid directly
to Minor but may be applied for Minor's benefit or
paid to any of Minor's adult relatives, other than me,
to be applied to Minor's benefit.
b. Manage the stock and any property purchased from the
proceeds of the sale of the shares in a prudent
6. Custodian to Serve Without Bond. Custodian shall not be
required to post a bond or other surety for the full and faithful
performance of Custodian's duties.
7. Termination of Custodianship. Custodian may terminate the
custodianship before Minor reaches Minor's majority by (a) distributing
to Minor or expending on Minor's behalf all the proceeds derived from
the sale of the shares or of any substituted property or (b) by
registering the shares or any substituted property in Minor's name and
delivering them or it to Minor. If a guardian of Minor's property
should be appointed during the custodianship. Custodian shall register
the shares or substituted property in the guardian's name and promptly
deliver them or it to the guardian.
8. Child's Death. If Minor should die before the termination
of the custodianship, Custodian shall register the shares or substituted
property in the name of the legal representative of Minor's estate and
deliver the shares or substituted property to the representative.
9. Child Reaching Majority. When Minor reaches Minor's
majority, Custodian shall register the shares or substituted property in
Minor's name and promptly deliver them or it to Minor.
10. Successor Custodian. If Custodian dies or becomes
incapacitated before the custodianship terminates, and if I am not
alive, [name and relationship] shall appoint a successor custodian who
shall have the same powers, duties, and privileges as if he or she were
the original Custodian.
This Section for Notary:
State of _________
County of ________ [County]
On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
My commission expires: _____