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Session Laws, 1974
Volume 713, Page 2320   View pdf image
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2320                                               LAWS OF MARYLAND                         [Ch. 686

be and it is hereby repealed and re—enacted, with
amendments, to read as follows:

Article 88D - State Lottery
19.

If the person entitled to a prize or any winning
ticket is under the age of eighteen years, and such prize
is less than five thousand dollars ($5,000), the director
may direct payment of the prize by delivery to an adult
member of the minors family or a guardian of the minor
of a check or draft payable to the order of the minor.
If the person entitled to a prize or any winning ticket
is under the age of eighteen years, and the prize is five
thousand dollars ($5,000) or more, the director may
direct payment to the minor by depositing the amount of
the prize in any bank to the credit of an adult member of
the minor's family or a guardian of the minor as
custodian for the minor. The person so named as
custodian shall have the same duties and powers as a
person designated as a custodian in the manner
[prescribed by Article 93A, §§ 301 to 310 of this Code
(1969 Replacement Volume)] AS PROVIDED IS §§13-301
THROUGH 13-310 OF THE ESTATES ARTICLE OF THE CODE, and
for the purposes of this section the term "adult member
of a minor's family," "guardian of a minor," and "bank"
shall have the same meaning as in that article. The
director shall be discharged of all liability upon
payment of a prize to a minor pursuant to this section.

SECTION 8. AND BE IT FURTHER ENACTED, That Section
10-104 of Article 95B - Uniform Commercial Code, of the
Annotated Code of Maryland (1964 Replacement Volume and
1973 Supplement) be and it is hereby repealed and
re—enacted, with amendments, to read as follows:

Article 95B — Uniform Commercial Code
10-104.

(1)   Subtitle 7 on documents of title does not
repeal or modify any laws prescribing the form or
contents of documents of title or the services or
facilities to be afforded by bailees, or otherwise
regulating bailees' businesses in respects not
specifically dealt with herein; but the fact that such
laws are violated does not affect the status of a
document of title which otherwise complies with the
definition of a document of title (§ 1—201).

(2)   This article does not repeal [Article 37A, §§
15 through 25,] §§ 15-301 THROUGH 15-311 OF THE ESTATES
ARTICLE OF THE CODE, WHICH IS cited as the MARYLAND
Uniform Act for the Simplification of Fiduciary Security

 

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Session Laws, 1974
Volume 713, Page 2320   View pdf image
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