§ 9-109. Distribution of money or property to minors
West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019
Effective: October 1, 2019
MD Code, Estates and Trusts, § 9-109
§ 9-109. Distribution of money or property to minors
(a)(1) Whenever money is distributable by a personal representative to a minor and there is no judicially appointed guardian of the property of the minor, the court may order that the cash be deposited in a banking institution or insured savings and loan association formed under the laws of the State or in the State under the laws of the United States, in which it may draw interest, in the name of the minor, subject to the further order of the court.
(b)(1) In addition to the procedures in subsection (a) of this section, whenever a personal representative is required to distribute property to a minor as defined in § 13-301(k) of this article, the personal representative, with the approval of the court, may transfer the property to a custodian who shall hold or dispose of the property in accordance with the provisions of the Maryland Uniform Transfers to Minors Act.1
(c) Whenever a personal representative is required to distribute tangible personal property to a person under the age of 18 years and there is no guardian of the minor, the personal representative may distribute it to the person whom the personal representative, with the approval of the court, considers responsible and appropriate, and under the conditions set forth in the order of the court.
(d) If a guardian has been appointed for a minor, payment may be made to the guardian on the filing of a copy of the guardian's authority authenticated pursuant to 28 U.S.C. § 1738.
Credits
Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 1991, c. 207, § 2; Acts 1993, c. 494; Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 93, § 9-109.
Footnotes
Estates and Trusts, § 13-301 et seq.
MD Code, Estates and Trusts, § 9-109, MD EST & TRST § 9-109
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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