uniform transfers to minors act

Uniform Transfers to Minors Act. A 1983 model statute providing for the transfer of property to a minor and permitting a custodian who acts in a fiduciary capacity to manage investments and apply the income from the property to the minor’s support. • The Act has been adopted in most states. It was revised in 1986. — Abbr. UTMA. — Also termed Transfers to Minors Act. — Formerly also termed Uniform Gifts to Minors Act; Gifts to Minors Act. [Cases: Infants 28. C.J.S. Infants §§ 135, 143.]

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词条贡献者

资深译员Bryan，毕业于美国一流的翻译学院，专注翻译各种与贸易与海关有关的法律文件。