Uniform Transfers to Minors. If you open an account for a minor under the Uniform Transfers to Minors Act, then you, as custodian, control the account until the minor reaches the age of majority, but the designated minor is the owner of the funds in the account. The Social Security number of the minor is to be used for income tax reporting.
Appears in 6 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
