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Frequently Asked Questions

• What is the purpose of the Uniform Transfers to Minors Act ?

  How the Uniform Transfers to Minors Act (UTMA) Works. The UTMA was finalized in 1986 by the National Conference of Commissioners on Uniform State Laws and adopted by most of the 50 states. It allows minors to receive gifts and avoid tax consequences until they become of legal age for the state, which is typically age 18 or 21.

• What is the difference between a UGMA account and a UTMA account?

  The UGMA matures at 18 years. The termination date for each are different as well. While UGMA termination is at 18 years, the termination age for UTMA is 21. Further, UTMA accounts allow parents to donate gifts such as money, stocks, or life insurance.

• What is the purpose of a gift to a minor account under the UGMA?

  A UTMA account allows the gift giver or an appointed custodian to manage the minor's account until the latter is of age. UTMA also shields the minor from tax consequences on the gifts, up to a specified value. 1  The UTMA is an extension of the Uniform Gift to Minors Act (UGMA), which was limited to the transfer of securities.

• What is the correct way to use the Onicon System-10 BTU meter?

  ONICON Incorporated 727.447.6140 Page 2 onicon.com SAFETY INFORMATION The System-10 BTU Meter was calibrated at the factory before shipment. To ensure correct use of the system, please read this manual thoroughly. Regarding this manual: • This manual should be passed on to the end user.

• What is the purpose of this manual 1.2.1.2 System-10?

  1.1 PURPOSE OF THIS MANUAL 1.2 TYPICAL SYSTEM-10 BTU METER We at ONICON Incorporated would like to thank you for purchasing our quality American made System-10 BTU Meter. As our valued customer, our commitment to you is to provide fast reliable service, while continuing to offer quality products to meet your growing flow measurement needs.

• What is the purpose of the System-10 on icon's thermal power plant?

  instructions for the ONICON System-10 BTU Meter. ONICON’S System-10 is a true heat (BTU) computer, which accepts data from several sensors, performs a series of computations with that data, and displays and/or transmits the results as an indication of the amount of heat (BTU’s) being transferred per unit time or as a totalized amount. WARNING

• What is the liability of Onicon for any direct and indirect damages?

  • If the customer or any third party is harmed by the use of this product, ONICON Incorporated assumes no responsibility for any such harm owing to any defects in the product which were not predictable, or for any indirect damages. SAFETY PRECAUTIONS: