[§553A-9] Manner of creating custodial property and effecting transfer; designation of initial custodian; control. (a) Custodial property is created and a transfer is made whenever:
(b) An instrument in the following form satisfies the requirements of paragraphs (1)(B) and (7) of subsection (a):
"TRANSFER UNDER THE HAWAII
UNIFORM TRANSFERS TO MINORS ACT
I, ____________________ (name of transferor or name and representative capacity if a fiduciary) hereby transfer to ____________________ (name of custodian), as custodian for ____________________ (name of minor) under the Hawaii Uniform Transfers to Minors Act, the following: (insert a description of the custodial property sufficient to identify it).
Dated: ____________________
________________________________________
(Signature)
____________________ (name of custodian) acknowledges receipt of the property described above as custodian for the minor named above under the Hawaii Uniform Transfers to Minors Act.
Dated: ____________________
________________________________________"
(Signature of Custodian)
(c) A transferor shall place the custodian in control of the custodial property as soon as practicable. [L 1985, c 91, pt of §1]