(a) This subtitle applies to a transfer that refers to the Maryland Uniform Transfers to Minors Act in the designation under § 13–309(a) of this subtitle by which the transfer is made if at the time of the transfer the transferor, the minor, or the custodian is a resident of this State or the custodial property is located in this State.
(b) The custodianship created remains subject to this subtitle despite a subsequent change in residence of a transferor, the minor, or the custodian, or the removal of custodial property from this State.
(c) A person designated as custodian under this subtitle is subject to personal jurisdiction in this State with respect to any matter relating to the custodianship.
(d) A transfer that purports to be made and which is valid under the Uniform Transfers to Minors Act, the Uniform Gifts to Minors Act, or a substantially similar act of another state is governed by the law of the designated state and may be executed and is enforceable in this State if at the time of the transfer, the transferor, the minor, or the custodian is a resident of the designated state or the custodial property is located in the designated state.
Structure Maryland Statutes
Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults
Subtitle 3 - Maryland Uniform Transfers to Minors Act
Section 13-301 - Estates and Trusts
Section 13-302 - Law Governing
Section 13-303 - Contingent Transfers
Section 13-304 - Irrevocable Transfer to Custodian by Individual
Section 13-305 - Irrevocable Transfer by Personal Representative or Trustee
Section 13-307 - Irrevocable Transfer by Other Persons Holding Property or Owing Debt to Minor
Section 13-308 - Receipt and Discharge
Section 13-309 - Creation of Custodial Property; When Transfer Made
Section 13-310 - Nature of Custodianship
Section 13-311 - Effect of Transfer
Section 13-312 - Duties and Powers of Custodian
Section 13-313 - Rights of Custodian; Liability
Section 13-314 - Delivery or Payment to Minor or for Minor's Use and Benefit
Section 13-315 - Compensation of Custodian; Bond
Section 13-316 - Liability of Third Persons Dealing With Custodian
Section 13-317 - Claims Against Custodial Property
Section 13-320 - Transfer of Property to Minor
Section 13-321 - Applicability of Subtitle
Section 13-322 - Validation of Prior Transfers