MARVIN MANDEL, Governor                               167

BUT ARE NOT LIMITED TO (1) PAYMENT, DELIVERY, DEPOSIT, OR
RETENTION OF FUNDS OR PROPERTY; (2) SALE, MORTGAGE,
LEASE, OR OTHER TRANSFER OF PROPERTY; (3) PURCHASE OF
CONTRACTS FOR AN ANNUITY, LIFE CARE, TRAINING, OR
EDUCATION; OR (4) ANY OTHER TRANSACTION DESCRIBED IN
§[[15-307]] 15-102.

(E) CREDITORS AND DEPENDENTS.

BEFORE APPROVING A TRANSACTION OR ARRANGEMENT UNDER
THIS SECTION, THE COURT SHALL CONSIDER THE INTERESTS OF
CREDITORS AND DEPENDENTS OF THE MINOR OR DISABLED PERSON
AND WHETHER THE PROPERTY OF THE MINOR OR DISABLED PERSON
NEEDS THE CONTINUING PROTECTION PROVIDED BY A GUARDIAN.

REVISOR'S NOTE: This section presently appears as
Art. 93A, §204. The section is divided into
three subsections for organizational purposes.
Subsection (a) (4) is inserted in order to make
specific reference to §15-102. The only other
changes are in language and style.

13-205. EFFECT OF ADJUDICATION.

AN ADJUDICATION UNDER THIS SUBTITLE SHALL HAVE NO
BEARING ON THE ISSUE OF CAPACITY OF THE ALLEGED DISABLED
PERSON TO CARE FOR HIS OWN PERSON.

REVISOR'S NOTE: This section presently appears as
Art. 93A, §205. The only changes are in
language and style.

13-206. GUARDIAN.

(A) APPOINTMENT AND QUALIFICATION.

THE COURT MAY APPOINT AN INDIVIDUAL OR A CORPORATION

AUTHORIZED BY LAW TO SERVE AS A TRUSTEE OR GUARDIAN OF

THE PROPERTY OF THE MINOR OR DISABLED PERSON. THE

APPOINTED GUARDIAN SHALL QUALIFY BY FILING ANY REQUIRED
BOND.

(B) TITLE TO PROPERTY.

THE APPOINTMENT AND QUALIFICATION OF A GUARDIAN
VESTS IN HIM TITLE TO ALL PROPERTY OF THE MINOR OR
PROTECTED PERSON, HELD AT THE TIME OF APPOINTMENT OR
ACQUIRED LATER. THE APPOINTMENT IS NOT A TRANSFER OR
ALIENATION WITHIN THE MEANING OF ANY FEDERAL OR STATE
STATUTE OR REGULATION, INSURANCE POLICY, PENSION PLAN,
CONTRACT, WILL, OR TRUST INSTRUMENT, IMPOSING
RESTRICTIONS UPON OR PENALTIES FOR TRANSFER OR ALIENATION
BY THE MINOR OR DISABLED PERSON OF HIS RIGHTS OR
INTEREST. A GUARDIAN SHALL UTILIZE POWERS CONFERRED BY