Common use of Uniform Transfers to Minors Accounts Clause in Contracts

Uniform Transfers to Minors Accounts. If you have indicated in the Application that an Account is established under the Texas Uniform Transfer to Minors Act (“TUTMA”), the Party signing any such Application shall be a custodian, and the Accounts will be established by such custodian under the Texas Uniform Transfers to Minors Act for the benefit of the minor named. A TUTMA Account is owned by the