{"data":{"id":"us-md/md.-code-estates-and-trusts-13-306","jurisdiction":"us-md","citation":"Md. Code, Estates and Trusts § 13–306","heading":"","body":"(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.\n(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.\n(c) A transfer under subsection (a) or (b) of this section may be made only if:\n(1) The personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor;\n(2) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and\n(3) The transfer is authorized by the court if it exceeds $25,000 in value.","path":["Article - Estates and Trusts"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=get\u0026section=13-306","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:07Z","sha256":"a73afd978c191bd2d30b6dda9480e70fc10f421680018c4d07a2854ee674db6d","source_id":"us-md","stale":false,"prev":"us-md/md.-code-estates-and-trusts-13-305","next":"us-md/md.-code-estates-and-trusts-13-307"},"notice":"GroundRules: Original legal text. Not legal advice."}