ART. 93] GUARDIAN AND WARD. 589

Guardian and Ward.

1890, ch. 404.

' 152. No administrator shall be bound in any manner to dis-
charge and fulfill the duties of guardian after the close of his
administration, or after the end of three years from the granting
of such administration, nor after a guardian shall be appointed by
the orphans' court; and whenever an administrator is ready to
pay over any money and there is no guardian of the person enti-
tled who is under age, the several orphans' courts of this State
may order that such money shall be deposited in any bank,
savings bank, safe deposit company, or other corporate body to
be named in the order, in which it may draw interest in the name
of the person entitled, subject, however, to the order of such
court, where it shall remain, and the administrator shall retain
the book of deposit or receipt for such deposit, until such person
becomes of age to receive it, or a guardian be appointed, and
such order and the deposit made in pursuance thereof shall be a
release to such administrator.

1890, ch. 811. 1892, ch. 100.

1711 They shall order the guardian who has received from
any trustee of a court of equity, any proceeds of real estate of
his ward sold by such trustee, or the proceeds of the sale of
leasehold estate of his ward, sold by order of the orphans' court,
or moneys belonging to his ward, to invest the same in mortgages
on unincumbered real estate, worth at least double the amount
loaned, or such public stock, permanent funds, or other good
securities to be selected by said guardian, as will yield the highest
rate of interest that can reasonably be had, or they may when it
is clearly for the benefit of the ward, order the same to be
invested in land; and the investment selected shall be reported
to the court for its approval before becoming permanent and the
increase or surplus income of such investment, after what may
be necessary for the maintenance and education of the ward,
shall be invested in like manner under the direction and
approval of the court, and no part of the principal shall be
applied to the maintenance and education of the ward without
the order and consent of the orphans' court first had and
obtained.
Macgill v. McEvoy, 85 Md. 298.