MARVIN MANDEL, Governor                             127

minor, an adult member of the minor's family, or a donor or his legal
representative may petition the court for an accounting by the cus-
todian or his legal representative.

(b) Court may require or permit accounting; accounting and
delivery of property upon removal.—The court, in a proceeding
under this subtitle or otherwise, may require or permit the custodian
or his legal representative to account and, if the custodian is re-
moved, shall so require and order delivery of all custodial property
to the successor custodian and the execution of all instruments re-
quired for the transfer thereof.

309.    Construction of subtitle.

(a)    This subtitle shall be so construed as to effectuate its general
purpose to make uniform the law of those states which enact it.

(b)    This subtitle shall not be construed as providing an exclu-
sive method for making gifts to minors.

310.    Short title.

This subtitle may be cited as the "Maryland Uniform Gifts to
Minors Act."

Subtitle 4
Minors' Recoveries in Tort

401.    Statement of policy; check to be made to order of trustee; per-
son named constituted trustee.

It is the public policy of the State of Maryland that any substantial
sum of money paid to a minor because of a claim, action or judg-
ment in tort should be preserved for the benefit of the minor. When
a minor, or any person, such as "next friend," by whom or in whose
name any claim or action is made or brought or judgment obtained,
for or on behalf of said minor, in tort, is entitled to receive a net
sum of $1,500.00 or more because of such claim, action, or judgment
in tort, the person responsible for the payment of the money shall

make payment by check made to the order of "..................................,

(name of trustee)
trustee under Article 93A, Annotated Code of Maryland, for

...................................., minor." No other act shall be necessary to con-

(name of minor)
stitute the person named a trustee.

402.    Trustee not required to give bond; deposit of check.

The trustee, who is not required to give bond, shall forthwith de-
posit 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.

403.    Court order required for withdrawal prior to minor's twenty-
first birthday.

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 circuit court, unless it be to pay