754                               LAWS OF MARYLAND                       [CH. 543

public general or public local, inconsistent with the provisions of
this Act are hereby repealed to the extent of any such inconsistency.

Sec. 3. And be it further enacted, That this Act shall take effect
June 1, 1965.

Approved April 8, 1965.

CHAPTER 543
(Senate Bill 218)

AN ACT to repeal and re-enact, with amendments, Sections 224 and
225 of Article 16 of the Annotated Code of Maryland (1964 Supple-
ment), title "Chancery", sub-title "Minors' Recoveries in Tort",
relating to the preservation and disbursement of funds recovered
by, or on behalf of, minors in certain claims, actions and judg-
ments in tort.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 224 and 225 of Article 16 of the Annotated Code of
Maryland (1964 Supplement), title "Chancery", sub-title "Minors'
Recoveries in Tort", be and the same are hereby repealed and re-
enacted, with amendments, to read as follows:

224.

The trustee, who is not required to give bond, shall forthwith
deposit the check in a savings account in any banking institution
formed pursuant to Article 11 of the Annotated Code, title "Banks
and Trust Companies", in any national banking association formed
pursuant to the laws of the United States, or in any insured savings
and loan institution.

225.

The banking or savings and loan institution, or national banking
association shall not thereafter allow the withdrawal of any of the
money except upon the order of a court of equity, unless it be to pay
the money to the minor upon the minor's attainment of his twenty-
first birthday or to pay the money to the executor or administrator
of the minor's estate upon the death of the minor prior to attainment
of his twenty-first birthday. Payment by any such institution or
association in accordance with the order of a court of equity, or to
a minor on or after his attaining his twenty-first birthday, or to the
executor or administrator of a minor's estate on or after the death
of the minor prior to his attaining his twenty-first birthday, shall
be a complete discharge of such institution's or association's liability
with respect to the money so paid.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1965.

Approved April 8, 1965.