Uniform Transfers to Minors Act - UTMA

Uniform Transfers to Minors Act - UTMA
An extension of the Uniform Gifts to Minors Act that allows items other than cash or securities to be considered gifts.

Other gifts that minors can receive include real estate, art, patents and royalties.


Investment dictionary. . 2012.

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  • Uniform Transfers to Minors Act — The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in 1986, and subsequently enacted by most U.S. States, which provides a mechanism under which… …   Wikipedia

  • Uniform Transfers to Minors Act — n. An act governing transfers of property to a trust managed by a custodian for the benefit of named minors; an act called the Uniform Gifts to Minors Act was the original law of this type, but the Uniform Transfers to Minors Act has replaced it… …   Law dictionary

  • Uniform Transfers to Minors Act — ( UTMA) A law similar to the Uniform Gifts to Minors Act that extends the definition of gifts to include real estate, paintings, royalties , and patents . Bloomberg Financial Dictionary …   Financial and business terms

  • Transfers to Minors Act — The Uniform Transfers to Minors Act (UTMA) revises and replaces the Uniform Gifts to Minors Act (UGMA). As expanded, the Act allows the transfer of any type of property, real or personal, tangible or intangible, and wheresoever located (within or …   Black's law dictionary

  • Uniform Gifts to Minors Act — The Uniform Gifts to Minors Act, commonly known as UGMA, is an act in some states of the United States that allows assets such as securities, where the donor has given up all possession and control, to be held in the custodian s name for the… …   Wikipedia

  • UTMA — abbrUniform Transfer to Minors Act see also the important laws section Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. UTMA …   Law dictionary

  • UTMA — See: Uniform Transfers to Minors Act …   Financial and business terms

  • custodian — cus·to·di·an n: an individual entrusted with guarding and keeping property or having custody of a person: as a: the warden of a prison b: a person given custody of a child by court order c: a person named to manage a child s property under the… …   Law dictionary

  • Единый закон о дарениях несовершеннолетним — Закон, действующий в большинстве штатов США, устанавливает простое правило передачи активов на имя ребенка и управления ими без осложнений формального траста и ограничений попечительства по распоряжению имуществом несовершеннолетнего. Во многих… …   Финансово-инвестиционный толковый словарь

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