180

LAWS OF MARYLAND

Ch. 33

(8) ACT AS GUARDIAN, RECEIVER, OR TRUSTEE OF THE
ESTATE OF ANY PERSON UNDER ORDER OR APPOINTMENT OF A COURT
AND AS DEPOSITARY OF MONEY PAID TO THE COURT FOR THE BENEFIT
OF THE PERSON.

REVISOR'S NOTE: This section presently appears as CA §
6-137(1) through (3) and (6) through (11).

In item (4) of this section, the present
reference to a court "of the State™ is deleted as
inappropriately limiting and as inconsistent with
the unqualified reference to "a court" in item
(8) of this section.

Item (7) of this section combines present CA §
6-137(10) and (11), substituting the general term
"personal representative" for references to an
"executor" and "administrator". See Art. 1, § 5
and ET § 1-101(n) of the Code. The present
reference in CA § 6—137(10) to acting as a
"trustee under a will" is deleted as unnecessary
in light of the broad provisions of items (4) and
(5) of this section. See also the General
Revisor's Note to this subtitle.

The only other changes are in style.

The term "any state" is defined in § 1—101 of
this article.

The term "trust company" is defined in § 3—101 of
this title.

See also Subtitle 5 of this title, which relates
to common trust funds.

Present CA § 6—137(12), which enables a trust
company to act as a committee of an estate, is
deleted as unnecessary in light of the broad
authority to act as a guardian of an estate under
item (8) of this section.

The General Assembly might consider if item (1)
of this section is intended to be a general
banking power and, as such, belongs in § 3-206 of
this subtitle.

3-208. CERTIFICATION BEFORE BEGINNING BUSINESS.

A COMMERCIAL BANK MAY NOT DO BUSINESS UNTIL IT RECEIVES
FROM THE BANK COMMISSIONER A CERTIFICATE OF AUTHORITY TO DO
BUSINESS.

REVISOR'S NOTE: This section is new language that
combines without substantive change the identical
provisions of CA §§ 6-119(a) and 6-140(a).