Ch. 818

LAWS OF MARYLAND

Section 11-603

Annotated Code of Maryland

(1984 Replacement Volume and 1988 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Courts and Judicial Proceedings

11-603.

(A) (I) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS
SUBSECTION, A GARNISHMENT AGAINST JOINTLY HELD PROPERTY, IN THE
HANDS OF PROPERTY HELD JOINTLY BY HUSBAND AND WIFE, IN A BANK,
TRUST COMPANY, CREDIT UNION, SAVINGS BANK, OR SAVINGS AND LOAN
ASSOCIATION OR ANY OF THEIR AFFILIATES OR SUBSIDIARIES IS NOT
VALID UNLESS ALL BOTH OWNERS OF THE PROPERTY ARE JUDGMENT
DEBTORS.

(2)___PARAGRAPH (1) OF THIS SUBSECTION DOES NOT APPLY

UNLESS THE PROPERTY IS HELD IN AN ACCOUNT THAT WAS ESTABLISHED AS
A JOINT ACCOUNT PRIOR TO THE DATE OF ENTRY OF JUDGMENT GIVING
RISE TO THE GARNISHMENT.-------------------------------------------

(B) A GARNISHMENT AGAINST PROPERTY HELD IN A BANK, TRUST
COMPANY, CREDIT UNION, SAVINGS BANK, OR SAVINGS AND LOAN
ASSOCIATION, OR ANY OF THEIR AFFILIATES OR SUBSIDIARIES, BY ONE
PARTY IN TRUST FOR THAT PARTY AND ANOTHER PARTY OR PARTIES, IS
NOT VALID UNLESS ALL OF THE PARTIES ARE JUDGMENT DEBTORS.

(C) (1) IF PROPERTY HELD JOINTLY IN AN ACCOUNT IN A BANK,
TRUST COMPANY, CREDIT UNION, SAVINGS BANK, OR SAVINGS AND LOAN
ASSOCIATION, OR ANY OF THEIR AFFILIATES OR SUBSIDIARIES, IS
GARNISHED, AND LESS THAN ALL OF THE PERSONS NAMED ON THE ACCOUNT
ARE THE JUDGMENT DEBTORS, THE GARNISHEE MAY PAY INTO THE COURT
FROM WHICH THE WRIT OF GARNISHMENT HAS BEEN ISSUED THE LESSER OF
THE AMOUNT OF THE JUDGMENT OR THE AMOUNT HELD IN THE ACCOUNT.

(2) IF THE GARNISHEE MAKES PAYMENT INTO THE COURT AS
PROVIDED UNDER PARAGRAPH (1) OF THIS SUBSECTION, THE GARNISHEE
MAY NOT BE HELD LIABLE TO THE JUDGMENT CREDITOR OR TO ANY PERSON
NAMED ON THE ACCOUNT FOR WRONGFUL DISHONOR OR FOR ANY OTHER CLAIM
RELATING TO THE GARNISHMENT.------------------------------------------

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

Approved May 25, 1989.

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