(a) Except on the order of a circuit court, the financial institution specified in § 13–404(b) of this subtitle may not allow the withdrawal of any of the money except to pay it to the minor on the minor’s attainment of the age of 18 years or to pay to the personal representative of the minor’s estate on the death of the minor before the minor’s attaining the age of 18 years.
(b) Payment by any institution or association in accordance with an order of the court, or to a minor on or after the minor’s 18th birthday, or to the personal representative after the death of the minor, is a complete discharge of liability of the institution or association for the money paid.
Structure Maryland Statutes
Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults
Subtitle 4 - Recovery by Minor in Tort
Section 13-402 - Statement of Policy
Section 13-403 - Appointment of Trustee or Guardian for Minor
Section 13-404 - Bond Not Required; Deposit or Investment of Proceeds of Appointing Check
Section 13-405 - Court Order Required for Withdrawal