Md. Code Ann., Est. & Trusts § 13-405
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2020
As of January 1, 2019
(a) Except upon the order of a circuit court, the financial institution specified in § 13–404(b) of this subtitle may not allow the withdrawal of any of the money except to pay it to the minor upon his attainment of the age of 18 years or to pay to the personal representative of his estate upon the death of the minor prior to his attaining the age of 18 years.
(a) Except on the order of a circuit court, the financial institution specified in § 13–404(b) of this subtitle may not allow the withdrawal of any of the money except to pay it to the minor on the minor’s attainment of the age of 18 years or to pay to the personal representative of the minor’s estate on the death of the minor before the minor’s attaining the age of 18 years.
(b) Payment by any institution or association in accordance with an order of the court, or to a minor on or after his attaining the age of 18 years, or to the personal representative after the death of the minor, is a complete discharge of liability of the institution or association for the money paid.
(b) Payment by any institution or association in accordance with an order of the court, or to a minor on or after the minor’s 18th birthday, or to the personal representative after the death of the minor, is a complete discharge of liability of the institution or association for the money paid.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.