1194                             Laws of Maryland                      [Ch. 548

CHAPTER 547
(House Bill 602)

AN ACT to repeal and re-enact, with amendments, Section 503 of
Article 93A of the Annotated Code of Maryland (1970 Supplement),
title "Protection of Minors and Other Persons Under Disability,"
subtitle "Subtitle 5. Miscellaneous Provisions Relating to Minors,"
to provide that a receipt of a minor who holds or is a party to a free
share or deposit account in a building, savings and loan association
is a valid release for payments to the minor on the account.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 503 of Article 93A of the Annotated Code of Maryland
(1970 Supplement), title "Protection of Minors and Other Persons
Under Disability," subtitle "Subtitle 5. Miscellaneous Provisions
Relating to Minors," be and it is hereby repealed and re-enacted, with
amendments, to read as follows:

503.

The receipt or acquittance of any minor, who is the sole owner of
or is a party to a free share or deposit account with the right to
withdraw funds therefrom, in a building [or homestead] , savings
and loan association, shall be a valid and sufficient release and dis-
charge of such association for any payment to such minor on any such
free share account.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1971.

Approved May 17, 1971.

CHAPTER 548
(House Bill 610)

AN ACT to add new Section 56B to Article 77 of the Annotated Code
of Maryland, (1969 Replacement Volume), title "Public Educa-
tion," subtitle "Countys Board COUNTY BOARDS of Education,"
to follow immediately after Section 56A thereof, to require the
several boards of education in the counties and Baltimore City to
purchase public liability insurance FOR PERSONAL INJURY
CLAIMS COMPREHENSIVE LIABILITY INSURANCE, to
authorize the State Board of Education to set standards
and guidelines for the policies, and to allow the boards of
education to raise the defense of sovereign immunity when the
claim exceeds TO ANY AMOUNT IN EXCESS OF the limit of
liability.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 56B be and it is hereby added to Article 77 of the
Annotated Code of Maryland (1969 Replacement Volume), title
"Public Education," subtitle "County Boards of Education," to follow
immediately after Section 56A thereof, and to read as follows: