Common use of Number of Trust Clause in Contracts

Number of Trust. If there is more than one trustee, will all trustees be required to exercise trust powers? □ yes □ no □ Custodian. Custodial investments are subject to the Missouri Uniform Gift Transfer to Minor Act (“UTMA”). If this box is checked, we will issue the Certificate to the primary applicant listed above for the minor described below. By law, this election will be irrevocable and the Certificate will become the unrestricted property of the minor when the minor reaches the age of 21. We advise you to contact a qualified attorney or financial advisor for more information regarding the UTMA. Xxxxx’s Name Minor’s Social Security Number Xxxxx’s Date of Birth: mo/day/year Relationship to Owner Transfer investment to Minor at age (cannot exceed age 21)