{"data":{"id":"us-md/md.-code-financial-institutions-5-305","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 5–305","heading":"","body":"If a deposit in a banking institution is made by and in the name of a minor:\n(1) The institution shall hold the money for the exclusive benefit of the minor or that minor’s creditors;\n(2) The minor may withdraw money from the account; and\n(3) A receipt signed by the minor discharges the institution for the withdrawal.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=5-305","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"7f2c2e5d60e6d2ea6295efc570ea2b8659f7c49deb8a82ba767614ac1f3b3f5a","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-5-302","next":"us-md/md.-code-financial-institutions-5-306"},"notice":"GroundRules: Original legal text. Not legal advice."}