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Session Laws, 1967
Volume 681, Page 1095   View pdf image (33K)
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SPIRO T. AGNEW, Governor                      1095

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] the court, 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 attain-
ing his twenty-first birthday, shall be a complete discharge of such
institution's or association's liability with respect to the money so
paid.

226.

[A petition to a court of equity for withdrawal of any of the
minor's money may be filed by the trustee in the county (or in Bal-
timore City) where the money is on deposit,] A trustee shall file a
petition for withdrawal of any of the minor's money in the County
(or in Baltimore City) where the money is on deposit, and said
petition may be filed in the original court action in which the money
was recovered or in a Court of Equity. The petition
shall be under
oath, and shall state in detail the purposes for which the withdrawal
of the money is desired. Upon receiving a petition, the court shall
make such inquiry as it deems necessary before granting or denying
the petition in whole or in part, except that if the money is desired
for any purpose other than to further the education of the minor,
including reasonable expenditures for room and board, the court
shall require a strong showing of necessity by the trustee in a
hearing before the court.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1967.

Approved April 21, 1967.

CHAPTER 492
(Senate Bill 387)

AN ACT to repeal and re-enact, with amendments, Section 31 of
Article 11 of the Annotated Code of Maryland (1957 Edition and
1966 Supplement), title "Banks and Trust Companies," subtitle
"Banks," to extend the period during which a bank may acquire
property to be leased to its customers beyond June 1, 1967.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 31 of Article 11 of the Annotated Code of Maryland
(1957 Edition and 1966 Supplement), title "Banks and Trust Com-
panies," subtitle "Banks," be and it is hereby repealed and re-enacted
with amendments to read as follows:

31.

Upon making and filing of the articles of incorporation, and upon
the payment of the bonus and other taxes required by the laws of
this State, the bank shall become a body corporate and as such shall
have the following powers:

 

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Session Laws, 1967
Volume 681, Page 1095   View pdf image (33K)
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