UTMA definition

UTMA. Standard U.S. Postal Service state abbreviations should be used to describe the appropriate state. For example, stock held by ▇▇▇▇ ▇▇▇ as custodian for ▇▇▇▇▇ ▇▇▇ under the Pennsylvania Uniform Transfers to Minors Act will be abbreviated ▇▇▇▇ ▇▇▇, CUST ▇▇▇▇▇ ▇▇▇ UTMA PA (use minor's social security number). -------------------------------------------------------------------------------- Fiduciaries Information provided with respect to stock to be held in a fiduciary capacity must contain the following: . The name(s) of the fiduciary. If an individual, list the first name, middle initial and last name. If a corporation, list the full corporate title (name). If an individual and a corporation, list the corporation's title before the individual. . The fiduciary capacity, such as administrator, executor, personal representative, conservator, trustee, committee, etc. . A description of the document governing the fiduciary relationship, such as a trust agreement or court order. Documentation establishing a fiduciary relationship may be required to register your stock in a fiduciary capacity. . The date of the document governing the relationship, except that the date of a trust created by a will need not be included in the description. . The name of the maker, donor or testator and the name of the beneficiary. An example of fiduciary ownership of stock in the case of a trust is: ▇▇▇▇ ▇▇▇, Trustee Under Agreement Dated 10-1-93 for ▇▇▇▇▇ ▇▇▇. -------------------------------------------------------------------------------- Stock Order Form Instructions -------------------------------------------------------------------------------- Items 1 and 2 - Number of Shares and Total Payment Due Fill in the number of shares that you wish to purchase and the total payment due. The amount due is determined by multiplying the number of shares by the subscription price of $10.00 per share. The minimum purchase in the Subscription Offering is 25 shares. As more fully described in the plan of conversion outlined in the prospectus, the maximum purchase in the Subscription Offering is $500,000 (50,000 shares), and the maximum purchase in the Community Offering (if held) by any person, is $500,000 (50,000 shares). However, no person, together with associates and persons acting in concert with such person, may purchase in the aggregate more than $1,000,000 (100,000 shares) of common stock. --------------------------------------------------------------------------------
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UTMA means the local Time Warner Cable-affiliated cable operator that is providing the Services over its cable system, or any cable operator to whom UTMA assigns this Agreement.
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Examples of UTMA in a sentence

  • A Uniform Transfers to Minors Account (UTMA) is an individual account created by a custodian who deposits funds as an irrevocable gift to a minor.

  • An account established under the Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) is an individual account created by a custodian who deposits funds as an irrevocable gift to a minor.

  • It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes.

  • We are not responsible to monitor age or eligibility for an UTMA account, even though our records may include the minor’s date of birth.

  • Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • A Uniform Transfers to Minors 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.

  • UTMA ACCOUNTS - Under the Uniform Transfers to Minors Act, the funds in the account are owned by the child who has unconditional use of the account when he or she reaches the age of majority.

  • Contributions by a custodian of an UGMA or UTMA account who is also the parent or guardian of the Beneficiary of an UGMA or UTMA account may claim this deduction.

  • Customary abbreviations may be used in the name of a Securityholder or an assignee, such as: TEN COM (=tenants in common), TEN ENT (=tenants by the entirety), JT TEN (=joint tenants with right of survivorship and not as tenants in common), CUST (=custodian), U/G/M/A (=Uniform Gifts to Minors Act) and U/T/M/A (=Uniform Transfers to Minors Act).

  • If the account is noted on the signature card as established under the Uniform Transfers to Minors Act (UTMA), you understand there can be only one custodian and one minor per account.

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