(a) 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) Any individual;
(2) Any trust company; or
(3) Any other corporation authorized by law to serve as a trustee.
(b) The appointed guardian shall qualify by filing any required bond.
(c) (1) (i) The appointment and qualification of a guardian vests in the guardian title to all property of the minor or protected person that is held at the time of appointment or acquired later.
(ii) 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 that imposes restrictions on or penalties for transfer or alienation by the minor or disabled person of the minor or disabled person’s rights or interest.
(iii) A guardian shall utilize powers conferred by this subtitle to perform services, exercise discretion, and discharge the guardian’s duties for the best interest of the minor or disabled person or the minor or disabled person’s 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) The guardian is the statutory agent of the minor or disabled person for the purpose of filing all government reports and returns.
Structure Maryland Statutes
Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults
Subtitle 2 - Protection of Property
Section 13-201 - Appointment of Guardian
Section 13-203 - Preservation and Application of Property
Section 13-204 - Authorization of Specific Transaction Without Appointment of Guardian
Section 13-205 - Effect of Adjudication
Section 13-206 - Guardian Generally
Section 13-207 - Persons Entitled to Appointment as Guardian
Section 13-208 - Bond of Guardian
Section 13-209 - Inventory and Accounting
Section 13-209.1 - Form and Limits of Guardianship Accounts
Section 13-210 - Petition for Orders Granting Relief
Section 13-211 - Procedure in Protective Proceedings
Section 13-212 - Degree of Care and Skill of Guardian
Section 13-214 - Powers and Duties of Guardian in Distribution
Section 13-215 - Limitation of Powers of Guardian Imposed by Will or Court
Section 13-216 - Liability for Breach of Fiduciary Duties; Rights of Purchasers
Section 13-218 - Compensation and Expenses of Guardian
Section 13-219 - Protection of Person Dealing With Guardian
Section 13-220 - Termination of Appointment of Guardian