204

LAWS OF MARYLAND

[Ch. 11

INVESTMENTS ARE HELD FOR SAFEKEEPING, TO THE JUDGE OR
CLERK OF A COURT OF RECORD IN THIS STATE, TO AN
AUTHORIZED REPRESENTATIVE OF THE CORPORATION WHICH IS
SURETY ON HIS BOND, OR UPON REQUEST OF THE GUARDIAN OR
OTHER INTERESTED PARTY, TO ANY OTHER REPUTABLE PERSON
DESIGNATED BY THE COURT, WHO SHALL CERTIFY IN WRITING
THAT HE HAS EXAMINED THE SECURITIES OR INVESTMENTS AND
IDENTIFIED THEM WITH THOSE DESCRIBED IN THE ACCOUNT AND
SHALL NOTE ANY OMISSIONS OR DISCREPANCIES. THE
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 OF IT 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 THE 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 IT TO
THE PROPER OFFICE OF THE VETERANS ADMINISTRATION.

This section presently appears as
§804. The only changes are in

REVISOR'S NOTE:
Art. 93A,
style.

13-805. INVESTMENTS.

(A) GENERAL RULE.

EVERY GUARDIAN OF A VETERANS ADMINISTRATION
BENEFICIARY SHALL INVEST THE SURPLUS FUNDS OF THE ESTATE
OF THE BENEFICIARY DERIVED FROM VETERANS ADMINISTRATION
BENEFITS PAIL TO THE GUARDIAN OR HIS PREDECESSOR FOR THE
BENEFICIARY IN SECURITIES OR PROPERTY AUTHORIZED UNDER
THE LAWS OF THIS STATE BUT ONLY UPON PRIOR ORDER OF THE
COURT.

(E) EXCEPTION.

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