736                                          LAWS OF MARYLAND                                   Ch. 33

(1)   The appointment and qualification of a
guardian vests in him title to all property of the minor or
protected person[, ] THAT IS held at the time of appointment
or acquired later. The appointment is not a transfer or
alienation within the meaning of any federal or state
statute or regulation, insurance policy, pension plan,
contract, will, or trust instrument!, imposing] THAT IMPOSES
restrictions [upon] ON or penalties for transfer or
alienation by the minor or disabled person of his rights or
interest. A guardian shall utilize powers conferred by this
subtitle to perform the services, exercise his discretion,
and discharge his duties for the best interest of the minor
or disabled person or his dependents.

(2)   IF A TRUST COMPANY IS APPOINTED GUARDIAN, A
COURT MAY ORDER ANY MONEY PAID TO THE COURT FOR THE BENEFIT
OF THE MINOR OR DISABLED PERSON TO BE DEPOSITED WITH THE
TRUST COMPANY.

(D) [(c)] Statutory agent.

The guardian is the statutory agent of the minor or
disabled person for the purpose of filing all government
reports and returns.

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

which enacted the Financial Institutions Article,
also amended this section to incorporate in it
the substance of the last three sentences of Art.
11, § 58.

The only other changes are in style.

As to the general power of a trust company to
serve as a guardian, see FI § 3—207.

The balance of Art. 11, § 58 is deleted. It
provides for granting letters testamentary or
letters of administration to a trust company if
it is named as executor in a will or if there is
no other person available to serve. These
provisions are unnecessary in light of § 5—104 of
this article and FI § 3-207(7) to the same
effect.

Present Art. 11, § 59, which provided that the
trust company need not take an "official oath",
also is deleted as obsolete since oaths no longer
are required of guardians.

SECTION 6. AND BE IT FURTHER ENACTED, That the
Revisor's Notes and catchlines contained in this Act are not
law and may not be considered to have been enacted as a part
of this Act.

SECTION 7. AND BE IT FURTHER ENACTED, That nothing in