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Session Laws, 1971
Volume 707, Page 459   View pdf image
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Marvin Mandel, Governor                         459

crepancies. Such certificate, and the certificate of an official of the
bank in which are deposited any funds for which the guardian is
accountable, showing the amount on deposit, shall be prepared and
signed in duplicate and one of each shall be filed by the guardian
with his account.

(c) Copies and Duplicates. At the time of filing in the court
any account, a certified copy thereof and a signed duplicate of each
certificate filed with the court shall be sent by the guardian to the
office of the Veterans Administration having jurisdiction over the
area in which such court is located. A duplicate signed copy or a
certified copy of any petition, motion or other pleading pertaining
to an account, or to any matter other than an account which is filed
in a guardianship proceeding, in which the Administrator of Veterans
Affairs is an interested person, shall be furnished by the persons
filing the same to the proper office of the Veterans Administration.

805.    Investment of Assets of Veterans Administration Beneficiary.

Every guardian of a Veterans Administration beneficiary shall
invest the surplus funds of his beneficiary's estate derived from
Veterans Administration benefits paid to the guardian or his prede-
cessor for the beneficiary in such securities or property as author-
ized under the laws of this State but only upon prior order of the
court; except that the funds may be invested, without prior court
authorization, in direct unconditional interest-bearing obligations of
this State or of the United States, in Banks and Savings and Loan
Associations whose deposits are federally insured and in obligations
the interest and principal of which are unconditionally guaranteed
by the United States. A signed duplicate or certified copy of the
petition for authority to invest shall be furnished the proper office
of the Veterans Administration, and notice of hearing thereon shall
be given said office.

806.   Assets Not Subject to Commission.

No commission or compensation shall be allowed a guardian of a
Veterans Administration beneficiary on the money or other assets
received from a prior fiduciary nor upon the amount received from
liquidation of loans or other investments if such money, assets, loans
or investments were derived in whole or in part from benefits paid
by the Veterans Administration to the guardian or his predecessor
for the beneficiary.

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

Approved April 23, 1971.

CHAPTER 189
(House Bill 1002)

AN ACT to repeal and re-enact, with amendments, Section 20(a)
of Article 100 of the Annotated Code of Maryland (1970
Supplement), title "Work, Labor and Employment," subtitle
"Employment of Minors," to correct certain erroneous language
therein.

 

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Session Laws, 1971
Volume 707, Page 459   View pdf image
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