§ 13-405. Payments from trust and discharge of liability

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 13. Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults (Refs & Annos)
Subtitle 4. Recovery by Minor in Tort (Refs & Annos)
Effective: October 1, 2019
MD Code, Estates and Trusts, § 13-405
§ 13-405. Payments from trust and discharge of liability
Currentness
Payments to minor on reaching age of 18
(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.
Discharge of liability
(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.

Credits

Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 93A, § 403.
MD Code, Estates and Trusts, § 13-405, MD EST & TRST § 13-405
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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