§ 13–306
Statutes in effect as of October 1, 2026.
Md. Code Ann., Est. & Trusts § 13-306 (2026)
Title 13. Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults
Subtitle 3
§ 13–306LinkCopy Citation
(a)
Subject to subsection (c) of this section, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to § 13–309 of this subtitle, in the absence of a will or under a will or trust that does not contain an authorization to do so.
(b)
Subject to subsection (c) of this section, a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to § 13–309 of this subtitle.
(c)
A transfer under subsection (a) or (b) of this section may be made only if:
(1)
The personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor;
(2)
The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and
(3)
The transfer is authorized by the court if it exceeds $25,000 in value.