WILLIAM DONALD SCHAEFER, Governor                         Ch. 584

2.       Account established [by 1 or more persons as the duly
authorized agent or trustee for a corporation, unincorporated association, or] AND
DESIGNATED FOR THE DEPOSIT OF FUNDS OF A charitable or civic organization;

3.       Fiduciary account where the relationship is established other
than by the account agreement; [or]

4.       ACCOUNT ESTABLISHED AND DESIGNATED AS
GOVERNED UNDER THE MARYLAND UNIFORM TRANSFERS TO MINORS ACT;

5.       ACCOUNT ESTABLISHED AND DESIGNATED AS
GOVERNED UNDER TITLE 13, SUBTITLE 4 OF THE ESTATES AND TRUSTS ARTICLE; OR

[4.] 6. Account that would not be a multiple-party account
except for the fact that 1 or more convenience persons [possess a present right] ARE
AUTHORIZED to draw upon funds in the account.

[(8)] (9) (i) "Party" means any person who, by the terms of the account
agreement, possesses a present right to draw upon funds in a multiple-party account.

(ii) "Party" includes a trustee of a trust account.

(iii) "Party" does not include a:

1.       Beneficiary of a trust account;

2.       P.O.D. payee of a P.O.D. account; or

3.       Convenience person.

[(9)] (10) "P.O.D. account" means any account established in the name of 1
or more parties where funds in the account may be drawn upon:

(i) By 1 party during the party's lifetime and by 1 or more P.O.D.
payees on the party's death; or

(ii) By 1 or more parties during their respective lifetimes and, upon the
death of all the parties, by 1 or more P.O.D. payees.

[(10)] (11) "P.O.D. payee" means any person designated on a P.O.D.
account as a person:

(i) To whom the account belongs after the death of all parties to the
account; and

(ii) Who does not possess a present right to draw upon funds in the
account during the lifetime of any party to the account.

[(11)] (12) (i) "Power of attorney" means any writing signed by 1 or more
parties to an account that authorizes 1 or more persons to draw upon funds in the account
as agent or agents for the signing party or parties.

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