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Session Laws, 1980
Volume 739, Page 735   View pdf image
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HARRY HUGHES, Governor

735

(b) of this section and add subsection (a).
Subsection (a) of this section is added to
clarify that only a trust company or otherwise
authorized corporation may be a personal
representative. See Bostetter v. Fahrnev - Keedy
Memorial Home, 20 Md. App. 234, 241 and 243
"(1974), cert. denied, 271 Md. 736 (1974).

6-102.

(c) When not required.

(1)      A ["banking institution," as defined in § 63
of Article 11,] TRUST COMPANY serving as a personal
representative is not required to give a bond.

(2)      A bond shall not be required for any period
following the final approval of the final administration
account.

SUPPLEMENTAL REVISOR'S NOTE: Ch.______, Acts of 1980,

which enacted the Financial Institutions Article,
also amended subsection (c) (1) of this section,
to substitute a limited reference to "trust
company" for the reference to a "'banking
institution,' as defined in § 63 of Article 11".

The term "banking institution", as now defined in
FI § 1—101, includes savings banks and State
banks, which may not be personal representatives.
See Bostetter v. Fahrney — Keedy Memorial Home,
20 Md. App. 234, 241 and 243 (1974), cert.
denied, 271 Md. 736 (1974).

13-206.

(a) APPOINTMENT.

[The] SUBJECT TO THE PROVISIONS OF § 13-207 OF THIS
SUBTITLE, THE court may appoint AS GUARDIAN OF THE ESTATE OF
A MINOR OR DISABLED PERSON:

(1)      [an] ANY individual;

(2)      ANY TRUST COMPANY; or

(3)   [a] ANY OTHER corporation authorized by law
to serve as a trustee [or guardian of the property of the
minor or disabled person].

(B) QUALIFICATION.

The appointed guardian shall quality by filing any
required bond.

(C) [(b)] Title to property; DEPOSITS.

 

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Session Laws, 1980
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