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Session Laws, 1970
Volume 695, Page 1726   View pdf image
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1726                             Laws of Maryland                       Ch. 600

qualified guardian of the property of the minor, the court may
order that such cash shall be deposited in any banking institution
or insured savings and loan association formed under the laws of this
State or in this State under the laws of the United States to be
named in the order, in which it may draw interest, in the name of the
minor, subject to the further order of the court. The personal
representative shall deliver the account book to such person (in-
cluding the register) as the personal representative with the ap-
proval of the court deems responsible and appropriate. When the
minor reaches the age of 21, or a guardian is appointed the funds
so deposited and the account book shall be delivered to the minor, or
to such guardian.

[(b) $300 or less in cash.—Notwithstanding the provisions of
subsection (a), if any minor is entitled to an amount not in excess
of $300, the personal representative may, with the approval of the
court, pay such amount to such person as the personal representative,
with the approval of the court, deems responsible and appropriate,
for the minor's past or future maintenance and support.]

[(c)] (b) Appointment of custodian.—In addition to the
procedures in subsection [s] (a) [and (b)], whenever a personal
representative is required to distribute any property included within
the definition of "Custodial Property" (as defined in Article [16]
93A, Section [213] 301 (e)) the personal representative, with the
approval of the Court, may transfer such property to a custodian
who shall hold or dispose of the property in accordance with provi-
sions of the Maryland Uniform Gifts to Minors Act. The personal
representative shall, subject to the approval of the Court, designate
the custodian, who shall be an adult, a guardian of the minor, or a
trust company as defined in Article [16] 93A, Section [213] 301
(a), (h) and (p).

[(d)] (c) Tangible personal property.—Whenever a personal
representative must distribute tangible personal property to a minor
and there is no guardian of the minor, the personal representative
shall distribute the same to such person as the personal representa-
tive with the approval of the court, deems responsible and appro-
priate, and under the conditions set forth in the order of the court.

[(e)] (d) Guardian.—Where a guardian has been appointed
for a minor, payment may be made to such guardian upon the filing
of an authenticated copy of his authority pursuant to 28 U.S.C.A.
Section 1738.

9-112.

(a) Distribution of property.If the personal representative
cannot obtain agreement from all interested persons entitled to share
in the distribution of the property he may apply to the court to make
distribution, and the court shall appoint a day therefor and direct
the giving of notice thereof to all interested persons concerned
therewith. The court may appoint two disinterested individuals,
not in any way related to any of the interested persons to make an
appropriate division for distribution, or recommend to the court
a sale of any part or all thereof, and the court shall thereupon
direct such distribution as it may deem appropriate.


 

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Session Laws, 1970
Volume 695, Page 1726   View pdf image
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