On a MarketLink account/Brokerage account, what do the initials GAUTMA stand for?
GAUTMA stands for Georgia Uniform Transfers to Minors Act. It means that the account was established to hold funds belonging to a minor, and a custodian was named to manage the account on the minor's behalf.
The custodian is responsible for the use of the funds in the account, which can only be given to the minor or used for the minor's benefit. When the minor reaches age 18 or 21, the custodian is responsible to transfer control of the account to the individual.
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GAUTMA stands for Georgia 