The receipt or acquittance of any minor who is the sole owner of or is a party to any account with the right to withdraw funds in a financial institution, as defined in ยง 13-301(h) of this title is a valid and sufficient release and discharge of the institution for any payment to the minor on any such account.
Structure Maryland Statutes
Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults
Subtitle 5 - Miscellaneous Provisions Relating to Minors
Section 13-501 - Payment or Delivery of Money or Chattels
Section 13-502 - Deposit of Money Distributable From Trust, Estate, or Other Source