198                                                LAWS OF MARYLAND                               [Ch. 11

(D)   RIGHTS NOT SPECIFICALLY MENTIONED.

THE ABSENCE OF SPECIFIC MENTION IN THIS SUBTITLE OF
ANY POWER OR RIGHT GRANTED BY LAW TO A MINOR WHO HAS
REACHED HIS 15TH BIRTHDAY PRIOR TO THE ENACTMENT OF THIS
SUBTITLE IS NOT INTENDED TO AFFECT THE EXISTENCE OF THE
POWER OR RIGHT.

REVISOR'S NOTE: This section presently appears as
Art. 93A, §502. The only changes are in style
and language.

13-504. RELEASE OF FINANCIAL INSTITUTION.

THE RECEIPT OR ACQUITTANCE OF ANY MINOR WHO IS THE
SOLE OWNER OF OR IS A PARTY TO ANY ACCOUNT WITH THE RIGHT
TO WITHDRAW FUNDS IN A FINANCIAL INSTITUTION, AS DEFINED
IN §13-301(G) IS A VALID AND SUFFICIENT RELEASE AND
DISCHARGE OF THE INSTITUTION FOR ANY PAYMENT TO THE MINOR
ON ANY SUCH ACCOUNT.

REVISOR'S NOTE: This section presently appears as
Art. 93A, §503. This section is broadened to
include any financial institution as defined in
§13-301(g). The only changes are in style and
language.

SUBTITLE 6. POWERS OF ATTORNEY.

13-601. WHEN POWER OF ATTORNEY NOT AFFECTED BY
DISABILITY.

(A) FORM AND EXTENT OF POWER.

IF A PRINCIPAL DESIGNATES HIS ATTORNEY IN FACT OR
AGENT BY A POWER OF ATTORNEY IN WRITING AND THE WRITING
CONTAINS THE WORDS

{1) "THIS POWER OF ATTORNEY [[MAY]] SHALL NOT
BE AFFECTED BY DISABILITY OF THE PRINCIPAL," OR

(2)   "THIS POWER OF ATTORNEY BECOMES EFFECTIVE
UPON THE DISABILITY OF THE PRINCIPAL," OR

(3)    SIMILAR WORDS SHOWING THE INTENT OF THE
PRINCIPAL THAT THE AUTHORITY CONFERRED SHALL BE
EXERCISABLE [[DURING]] NOTWITHSTANDING HIS DISABILITY,
THE AUTHORITY OF THE ATTORNEY IN FACT OR AGENT IS
EXERCISABLE BY HIM NOTWITHSTANDING THE LATER DISABILITY
OF THE PRINCIPAL OR UNCERTAINTY WHETHER THE PRINCIPAL IS
DEAD OR ALIVE.

(E)    EFFECT OF ACTS PERFORMED FOR AN INCAPACITATED
PRINCIPAL.