SB0168 (CH0196)

2013 Regular Session



Estates and Trusts - Guardianship Accounts - Form and Limits

Sponsored by:

Senator Simonaire


Approved by the Governor - Chapter 196

Synopsis:Authorizing a guardian of the property of a minor or disabled person to petition the court to deposit cash belonging to the minor or disabled person in an amount not exceeding $200,000 into a single restricted account; requiring specified excess amounts to be deposited into additional restricted accounts not exceeding $200,000; and authorizing a deposit under the Act to be made into any type of account, including a certificate of deposit, in a specified financial institution or one that accepts deposits and is federally insured.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senator Simonaire
Additional Facts:Cross-filed with: HB0008
Bill File Type: Regular
Effective Date(s): October 1, 2013
Judicial Proceedings  Listen to Committee HearingJudiciary  View Committee Hearing
Broad Subject(s):Estates and Trusts
Courts and Court Personnel - Statewide
Narrow Subject(s):Courts -see also- Circuit; Appeals; District; Orphans'; etc.
Disabilities -see also- Blind; Deaf; Developmental
Estates and Trusts
Minors -see also- Age of Majority; Youth
Orphans' Court
Statutes:Article - Estates and Trusts

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October 24, 2017 1:07 P.M.