Minor Account definition
Examples of Minor Account in a sentence
If you close your Minor Account before dividends are paid, you will not receive the accrued dividends.
A Uniform Transfer to Minor Account (UTTMA) is an individual account established by a member as a custodian on behalf of a minor (a person under twenty-one (21) years of age).
A Uniform Transfer to Minor Account (UTMA) is an individual account established in accordance with Oregon law by a member as a custodian on behalf of a minor (a person under twenty-one (21) years of age).
A Uniform Transfer to Minor Account (UTMA) is an individual account established by a custodian on behalf of an eligible minor (a person under twenty-one (21) years of age).
The Credit Uniform Transfers/Gifts to Minors: A Uniform Transfer to Minor Account (“UTMA”) or Uniform Gifts to Minors Act (“UGMA”): A Uniform Transfer/Gifts to Minor Account (UTMA/UGMA) is an individual account established by a custodian by depositing funds as an irrevocable gift to a minor.
Any Owner of a Single Party, Joint or Multiple Party with Right of Survivorship, Payable on Death, or Minor Account may close the Account at any time.
All funds deposited into an Uniform Transfer to Minor Account (“UTMA”) irrevocably become the property of the minor, but are to be managed for the minor’s benefit by a FSB shall have no duty to monitor the account or the status of the custodian or minor.
All funds deposited into an Uniform Transfer to Minor Account (“UTMA”) irrevocably become the property of the minor, but are to be managed for the minor’s benefit by a designated custodian until the minor reaches the age of 21, at which time the custodian is responsible for distributing the funds to the minor.
A Uniform Transfers to Minor Account (UTMA) is set up by a member, who shall be recognized as the custodian of the account, who deposits funds into the account as a gift to a minor.
A Uniform Transfer to Minor Account (a "UTTMA") is an individual account established by an individual or trust company as custodian on behalf of a minor (a person under twenty five (25) years of age).