§ 13-403. Payments to trustee on behalf of minor

West's Annotated Code of MarylandEstates and Trusts

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)
MD Code, Estates and Trusts, § 13-403
§ 13-403. Payments to trustee on behalf of minor
Currentness
Appointment by issuance of check
(a) Unless a court appoints a guardian of the property of a minor under subsection (c) of this section, if a minor or any other person in whose name a claim in tort is made or judgment in tort obtained on behalf of a minor recovers a net sum of $5,000 or more, the person responsible for the payment of the money shall make payment by check made to the order of
“................................., trustee under Title 13 of the Estates and
(name of trustee)
Trusts Article, Annotated Code of Maryland, for
 
,
(name of minor)
minor”.
No other act needed for appointment
(b) No other act is necessary to constitute the person named a trustee.
Appointment of guardian of the property of a minor
(c)(1) In accordance with the procedures for the appointment of a guardian under Subtitle 2 of this title, the court may appoint a guardian of the property of a minor on whose behalf a recovery in tort is sought or has been obtained if the court determines that the appointment would be in the minor's best interest.
(2) The petition for guardianship may be made by an interested person or a trustee under this subtitle.
Checks payable to guardian
(d) If a court appoints a guardian of the property of a minor under subsection (c) of this section and the minor or any other person in whose name a claim in tort is made or judgment in tort obtained on behalf of the minor recovers a net sum of $5,000 or more, the person responsible for the payment of the money shall make payment by check made to the order of “.........., (name of guardian), guardian under Title 13, Subtitle 2 of the Estates and Trusts Article, Annotated Code of Maryland, for .......... (name of minor), minor”.

Credits

Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 1994, c. 3, § 1, eff. Feb. 28, 1994; Acts 1997, c. 642, § 1, eff. Oct. 1, 1997; Acts 2003, c. 52, § 1, eff. Oct. 1, 2003.
Formerly Art. 93A, § 401.
MD Code, Estates and Trusts, § 13-403, MD EST & TRST § 13-403
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.
End of Document