Which of these actions is applicable under the Uniform Gifts to Minors Act?
A) Adults are prohibited from making gifts of unregistered securities to minors.
B) Adults can make a gift of money to minors by depositing the money with a bank in an account in the donor's name.
C) Gifts of registered securities can be made by merely delivering the securities to a bank trustee.
D) Gifts of unregistered securities can be made by registering the securities in the name of another adult.

Question

Quizplus · Accepted Answer

Under the Uniform Gifts to Minors Act, an adult can make a gift of money to a minor by depositing the money with a broker or a bank in an account in the donor's name, or with another adult or a bank with trust powers. The Uniform Gifts to Minors Act, which has been adopted in one form or another in every state, provides a fairly simple and flexible method for making gifts of money and securities to minors.

Which of These Actions Is Applicable Under the Uniform Gifts