Maryland Code, ESTATES AND TRUSTS 13-406
Terms Used In Maryland Code, ESTATES AND TRUSTS 13-406
- County: means a county of the State or Baltimore City. See
- including: means includes or including by way of illustration and not by way of limitation. See
- minor: means an individual under the age of 18 years. See
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See - Trustee: A person or institution holding and administering property in trust.
(b) (1) The petition shall be verified and state in detail the purposes for which the withdrawal of the money is desired.
(2) On receiving a petition, the court shall make any inquiry necessary before granting or denying the petition in whole or in part.
(c) If money is desired for any purpose other than to pay for medical expenses of the minor, or to further the education of the minor, including reasonable expenditures for room and board, the court shall require a strong showing of necessity by the trustee in a hearing.
(d) If the trustee dies or is discharged, a petition filed under this section shall include a prayer for the appointment of another trustee.
(e) In its order on a petition, the court may direct the institution where the funds of the minor are on deposit to make its check to the order of:
(1) The trustee for the use of the minor; or
(2) The person, firm, or organization which has performed or is to perform a service for or furnish goods to the minor.
(f) The court also may direct payment of a reasonable fee for an attorney and the costs of the proceedings, but may not in any event direct or provide for the payment of any fees or commissions to the trustee.