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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 gifts can be made to a minor without requiring the presence of an appointed guardian for the minor, and which satisfies the Internal Revenue Service requirements for qualifying a gift of up to $ 13, 000 for exclusion from the gift tax.
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Uniform and Transfers
Among the most influential uniform acts are the Uniform Commercial Code, Uniform Probate Code, Uniform Trust Code, Uniform Partnership Act, Uniform Limited Liability Company Act, Uniform Transfers to Minors Act, Uniform Certification of Questions of Law Act, Uniform Enforcement of Foreign Judgments Act, Uniform Controlled Substances Act, Uniform Arbitration Act, Uniform Environmental Covenants Act, Uniform Conservation Easements Act, Uniform Management of Institutional Funds Act, Uniform Interstate Family Support Act, Uniform Child Custody Jurisdiction and Enforcement Act, and Uniform Anatomical Gift Act.
Since tuition payments are not subject to the annual gift limitation, parents who are trying to minimize estate taxes may be better off making their annual gifts to another vehicle such as a Uniform Transfers to Minors Act ( UTMA ) account and then paying the tuition directly.
# REDIRECT Uniform Transfers to Minors Act
In the majority of states that have adopted the Uniform Transfers To Minors Act ( UTMA ), the assets are treated similarly.
# REDIRECT Uniform Transfers to Minors Act
# REDIRECT Uniform Transfers to Minors Act
Uniform and Minors
* Uniform Gifts to Minors Act
* Uniform Gifts to Minors Act
The Uniform Gifts to Minors Act ( 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 benefit of the minor without an attorney needing to set up a special trust fund.
Uniform and Act
Under a Uniform Act in force in most jurisdictions of the United States, being an organ donor is a simple process that can often be accomplished when a driver's license is renewed.
implementing the Uniform State Narcotic Act in 1932 ), and other actions by the government the number of addicts of opium started to decrease fast from 1925 to a level that in 1945 that was about one tenth of the level in 1914.
Instead, trade secrets are protected under state laws, and most states have ratified the Uniform Trade Secrets Act ( UTSA ), except for Massachusetts, New York, North Carolina, and Texas.
A relatively recent development in the United States is the adoption of the UTSA, the Uniform Trade Secrets Act, which has been adopted by approximately 46 states as the basis for trade secret law.
* June 16 – Australia: Female British subjects ( with the exception of Asians, Aborigines and Africans ) win the vote with the Uniform Franchise Act.
* April 13 – United States president Lyndon Johnson signs the 1966 Uniform Time Act, dealing with daylight saving time.
In 1970, the U. S. adopted the Uniform Controlled Substances Act, which regulated opium tincture ( Laudanum ) as a Schedule II substance ( currently DEA # 9630 ), placing even tighter controls on the drug.
In the United States, where since the 1980s the Uniform Determination of Death Act has defined death as the irreversible cessation of the function of either the brain or the heart and lungs, the 21st century has seen an order-of-magnitude increase of donation following cardiac death.
In addition, the contracts ' enforceability depends on whether the state has passed the Uniform Computer Information Transactions Act ( UCITA ) or Anti-UCITA ( UCITA Bomb Shelter ) laws.
The Surface Transportation and Uniform Relocation Assistance Act of 1987 ( Pub.
:: Example: In Idaho, ephedrine was listed as a Schedule II substance in the Uniform Controlled Substances Act in 1988.
Jackson Township has two Fire Bureaus that enforce the NJ Uniform Fire Safety Act:
National legislation on consent and tissue donation issues is expressed in the Uniform Anatomical Gift Act ( 2006 ) passed by the National Conference of Commissioners on Uniform State Laws which states that " an anatomical gift of a donor ’ s body or part may be made during the life of the donor for the purpose of transplantation, therapy, research, or education " and prohibits trafficking in donated human organs for profit.
The Uniform Power of Attorney Act employs the term agent.
* Uniform Rights of the Terminally Ill Act
Although originally scheduled for celebration on November 11 of every year, starting in 1971 in accordance with the Uniform Monday Holiday Act, Veterans Day was moved to the fourth Monday of October.
* Uniform Simultaneous Death Act
This report was the basis for the Uniform Determination of Death Act, which is now the law in almost all fifty states.
The widely-adopted Uniform Determination of Death Act in the United States attempts to standardize criteria.
Uniform adoption of the substantial equivalency provision included in the Uniform Accountancy Act ( the model bill for CPA regulation written and endorsed jointly by AICPA and NASBA ) will create a system similar to the nation's driver license that will provide CPAs with mobility while retaining and strengthening state boards ' ability to protect the public interest.
AICPA members approved a proposed bylaw amendment to make eligible for voting membership individuals who previously held a CPA certificate / license or have met all the requirements for CPA certification in accordance with the Uniform Accountancy Act ( UAA ).
In the United States, a Uniform Act is a proposed state law drafted by the U. S. Uniform Law Commission ( ULC ) and approved by its sponsor, the National Conference of Commissioners on Uniform State Laws ( NCCUSL ).
Uniform and is
* Uniform algebra: A Banach algebra that is a subalgebra of C ( X ) with the supremum norm and that contains the constants and separates the points of X ( which must be a compact Hausdorff space ).
Examples of common law being replaced by statute or codified rule in the United States include criminal law ( since 1812, U. S. courts have held that criminal law must be embodied in statute if the public is to have fair notice ), commercial law ( the Uniform Commercial Code in the early 1960s ) and procedure ( the Federal Rules of Civil Procedure in the 1930s and the Federal Rules of Evidence in the 1970s ).
The CRESU experiment (, meaning " Reaction Kinetics in Uniform Supersonic Flow ") is an experiment investigating chemical reactions taking place at very low temperatures.
Uniform cooling of the cosmic microwave background over billions of years is explainable only if the universe is experiencing a metric expansion.
In October 2009, the Commission on Military Justice, known as the Cox Commission, repeated its 2001 recommendation that Article 125 of the Uniform Code of Military Justice, which bans sodomy, be repealed, noting that " most acts of consensual sodomy committed by consenting military personnel are not prosecuted, creating a perception that prosecution of this sexual behavior is arbitrary.
This is not necessary for courts-martial involving military members subject to the Uniform Code of Military Justice as those military members are bound by the UCMJ regardless of their location.
The U. S. Franchise Disclosure Document ( FDD ) is lengthy ( 300-700 pp +) and detailed ( see Uniform Franchise Offering Circular ( UFOC ) for elements of disclosure ), and generally requires audited financial statements from the franchisor in a particular format, except in some circumstances, such as where a franchisor is new.
In the United States, " merchant " is defined ( under the Uniform Commercial Code ) as any person while engaged in a business or profession or a seller who deals regularly in the type of goods sold.
The application of the statute of frauds to dealings between merchants has been modified by provisions of the Uniform Commercial Code, which is a statute that has been enacted at least in part by every state ( Louisiana has enacted all of the UCC except for Article 2, as it prefers to maintain its civil law tradition governing the sale of goods ).
Uniform Commercial Code § 1-206 sets out a " catch-all " statute of frauds for personal property not covered by any other specific law, stating that a contract for the sale of such property where the purchase price exceeds $ 500 is not enforceable unless memorialized by a signed writing.
* The Uniform Code of Military Justice is contained in Title 10, Chapter 47.
Uniform spaces are topological spaces with additional structure which is used to define uniform properties such as completeness, uniform continuity and uniform convergence.
An information resource is identified by a Uniform Resource Identifier ( URI ) and may be a web page, image, video, or other piece of content.
A website is hosted on at least one web server, accessible via a network such as the Internet or a private local area network through an Internet address known as a Uniform Resource Locator.
** A 5. 3 Kiloton nuclear device is detonated at the Tatum Salt Dome, from Hattiesburg, Mississippi as part of the Vela Uniform program.
* Uniform Land-Tax Law is imposed in Korea.
* April 24 – Uniform daylight saving time is first observed in most parts of North America.
* January 10 – Uniform Penny Post is introduced in the United Kingdom.
** An 80-kiloton nuclear device is detonated at Amchitka Island, Alaska as part of the Vela Uniform program, code-named Project Long Shot.
Non-judicial punishment in the United States military, is a form of military justice authorized by Article 15 of the Uniform Code of Military Justice.
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