reglab/housing_qa huggingface dataset:
MD. Estates and Trusts Code Ann. §  13-220 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 2 - Protection of Property|Section 13-220 - Termination of Appointment of Guardian

    (a)    The appointment of a guardian terminates when the guardianship terminates under § 13–221 of this subtitle and may be terminated sooner by the guardian’s death, disability, resignation, or removal.    (b)    Termination of appointment of a guardian has the effects provided in this section.    (c)    (1)    (i)    Termination ends the right and power pertaining to the office of guardian.            (ii)    Unless otherwise ordered by the court, a guardian whose appointment has been terminated shall perform acts necessary to protect the estate and deliver the property to the successor guardian.        (2)    Subject to the provisions of the Maryland Rules, termination does not discharge a guardian from liability for transactions or omissions occurring before termination, or relieve the guardian of the duty to preserve, account for, and deliver to a successor property subject to the guardian’s control.        (3)    All lawful acts of a guardian before the termination of appointment shall remain valid and effective.    (d)    (1)    The death of a guardian or the decree of a court of competent jurisdiction that a guardian is under legal disability shall terminate the guardian’s appointment.        (2)    The personal representative of a deceased guardian or the person appointed to protect the estate of a guardian under legal disability shall:            (i)    Have the duty to protect property belonging to the estate being administered by the deceased or disabled guardian;            (ii)    Have the power to perform acts necessary for the protection of property;            (iii)    Immediately account for and deliver the property to a successor guardian; and            (iv)    Apply immediately to the court for the appointment of a successor guardian to carry on the administration of the estate which was being administered by the deceased or disabled guardian in accordance with the Maryland Rules.    (e)    A guardian who desires to resign the guardian’s office may do so in accordance with the provisions of the same Maryland Rules by which a fiduciary may resign the fiduciary’s office.
MD. Estates and Trusts Code Ann. §  13-221 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 2 - Protection of Property|Section 13-221 - Judicial Proceedings for Termination

    (a)    The minor or disabled person, the minor’s or disabled person’s personal representative, the guardian, or any other interested person may petition the court to terminate the guardianship proceedings.    (b)    A guardianship proceeding shall terminate on:        (1)    The cessation of the minority or disability;        (2)    The death or presumptive death of the minor or disabled person;        (3)    Transfer of all the assets of the estate to a foreign fiduciary; or        (4)    Other good cause for termination as may be shown to the satisfaction of the court.    (c)    Termination and final distribution of the estate of a former minor or disabled person shall be made in compliance with the provisions of the Maryland Rules, applying to a fiduciary.
MD. Estates and Trusts Code Ann. §  13-222 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 2 - Protection of Property|Section 13-222 - Powers of Foreign Fiduciaries

    (a)    (1)    A guardian, conservator, committee, or other similar fiduciary, appointed by the appropriate court of another jurisdiction to manage the property of a protected person who is a resident of that jurisdiction, may exercise in the State all powers of the office, including the power to:            (i)    Sell, purchase, or mortgage real estate in the State; and            (ii)    Collect, receipt for, take possession of, and remove to the other jurisdiction:                1.    Money due;                2.    Tangible personal property; or                3.    An instrument evidencing a debt, an obligation, a stock, or a chose in action located in the State.        (2)    Subject to any statute or rule relating to nonresidents, the guardian, conservator, committee, or other similar fiduciary, appointed by the appropriate court of another jurisdiction, may sue and be sued in the State.    (b)    Before receiving actual notice of the pendency of a guardianship proceeding in the State, a person who has changed the person’s position by relying on the powers granted by this section may not be prejudiced by the pendency of the proceeding.
MD. Estates and Trusts Code Ann. §  13-301 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-301 - Estates and Trusts

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Adult” means an individual who has attained the age of 21 years.    (c)    “Broker” means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person’s own account or for the account of others.    (d)    “Conservator” means a person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor’s property or a person legally authorized to perform substantially the same functions.    (e)    “Court” means a circuit court, an orphans’ court, or a court exercising the jurisdiction of an orphans’ court.    (f)    “Custodial property” means:        (1)    Any interest in property transferred to a custodian under this subtitle; and        (2)    The income from and proceeds of that interest in property.    (g)    “Custodian” means a person so designated under § 13-309 of this subtitle or a successor or substitute custodian designated under § 13-318 of this subtitle.    (h)    “Financial institution” means a bank, trust company, savings institution, or credit union chartered and supervised under State or federal law.    (i)    “Legal representative” means an individual’s personal representative or conservator.    (j)    “Member of the minor’s family” means the minor’s parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.    (k)    “Minor” means an individual who has not attained the age of 21 years.    (l)    “Person” means an individual, corporation, organization, or other legal entity.    (m)    “Personal representative” means an executor, administrator, successor personal representative, or special administrator of a decedent’s estate or a person legally authorized to perform substantially the same functions.    (n)    “Qualified minor’s trust” means a trust, including a trust created by a custodian for the use and benefit of a minor:        (1)    Of which a minor is the sole beneficiary during the minor’s lifetime; and        (2)    That meets the requirements of § 2503(c) of the Internal Revenue Code and the regulations implementing that section.    (o)    “State” includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States.    (p)    “Transfer” means a transaction that creates custodial property under § 13-309 of this subtitle.    (q)    “Transferor” means a person who makes a transfer under this subtitle.
MD. Estates and Trusts Code Ann. §  13-302 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-302 - Law Governing

    (a)    This subtitle applies to a transfer that refers to the Maryland Uniform Transfers to Minors Act in the designation under § 13–309(a) of this subtitle by which the transfer is made if at the time of the transfer the transferor, the minor, or the custodian is a resident of this State or the custodial property is located in this State.    (b)    The custodianship created remains subject to this subtitle despite a subsequent change in residence of a transferor, the minor, or the custodian, or the removal of custodial property from this State.    (c)    A person designated as custodian under this subtitle is subject to personal jurisdiction in this State with respect to any matter relating to the custodianship.    (d)    A transfer that purports to be made and which is valid under the Uniform Transfers to Minors Act, the Uniform Gifts to Minors Act, or a substantially similar act of another state is governed by the law of the designated state and may be executed and is enforceable in this State if at the time of the transfer, the transferor, the minor, or the custodian is a resident of the designated state or the custodial property is located in the designated state.
MD. Estates and Trusts Code Ann. §  13-303 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-303 - Contingent Transfers

    (a)    A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to receive the property for a minor beneficiary upon the occurrence of the event by naming the custodian followed in substance by the words: “as custodian for __________ (name of minor) under the Maryland Uniform Transfers to Minors Act”.    (b)    The nomination may name 1 or more persons as substitute custodians to whom the property must be transferred, in the order named, if the 1st nominated custodian dies before the transfer or is unable, declines, or is ineligible to serve.    (c)    The nomination may be made in a will, a trust, a deed, an instrument exercising a power of appointment, or in a writing designating a beneficiary of contractual rights which is registered with or delivered to the payor, issuer, or other obligor of the contractual rights.    (d)    A custodian nominated under this section must be a person to whom a transfer of property of that kind may be made under § 13-309(a) of this subtitle.    (e)    (1)    The nomination of a custodian under this section does not create custodial property until the nominating instrument becomes irrevocable or a transfer to the nominated custodian is completed under § 13-309 of this subtitle.        (2)    Unless the nomination of a custodian has been revoked, upon the occurrence of the future event the custodianship becomes effective and the custodian shall enforce a transfer of the custodial property pursuant to § 13-309 of this subtitle.
MD. Estates and Trusts Code Ann. §  13-304 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-304 - Irrevocable Transfer to Custodian by Individual

    A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to § 13-309 of this subtitle.
MD. Estates and Trusts Code Ann. §  13-305 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-305 - Irrevocable Transfer by Personal Representative or Trustee

    (a)    A personal representative or trustee may make an irrevocable transfer pursuant to § 13-309 of this subtitle to a custodian for the benefit of a minor as authorized in the governing will or trust.    (b)    If the testator or settlor has nominated a custodian under § 13-303 of this subtitle to receive the custodial property, the transfer must be made to that person.    (c)    If the testator or settlor has not nominated a custodian under § 13-303 of this subtitle, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, the personal representative or the trustee, as the case may be, shall designate the custodian from among those eligible to serve as custodian for property of that kind under § 13-309(a) of this subtitle.
MD. Estates and Trusts Code Ann. §  13-306 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-306 - Irrevocable Transfer by Personal Representative or Trustee -- in Absence of Express Authority

    (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 $10,000 in value.
MD. Estates and Trusts Code Ann. §  13-307 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-307 - Irrevocable Transfer by Other Persons Holding Property or Owing Debt to Minor

    (a)    Subject to subsections (b) and (c) of this section, a person not subject to § 13-305 or § 13-306 of this subtitle who holds property of or owes a liquidated debt to a minor not having a conservator may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to § 13-309 of this subtitle.    (b)    If a person having the right to do so under § 13-303 of this subtitle has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.    (c)    If no custodian has been nominated under § 13-303 of this subtitle, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor’s family or to a trust company unless the property exceeds $10,000 in value.
MD. Estates and Trusts Code Ann. §  13-308 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-308 - Receipt and Discharge

    A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this subtitle.
MD. Estates and Trusts Code Ann. §  13-310 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-310 - Nature of Custodianship

    (a)    Subject to subsection (c) of this section, a transfer may be made only for 1 minor, and only 1 person may be the custodian.    (b)    All custodial property held under this subtitle by the same custodian for the benefit of the same minor constitutes a single custodianship.    (c)    (1)    Notwithstanding any provision of this subtitle to the contrary, 2 persons may be designated as custodians of custodial property for the benefit of the same minor and that arrangement shall constitute a single custodianship.        (2)    If 2 persons are designated as custodians, they shall act as joint custodians under this subtitle and, unless specified otherwise in any document creating the custodianship, each joint custodian shall have the full power and authority to act alone as a custodian under this subtitle.        (3)    If either joint custodian resigns, dies, becomes incapacitated, or is removed, the remaining custodian may serve as sole custodian without the necessity of appointing a successor joint custodian.
MD. Estates and Trusts Code Ann. §  13-311 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-311 - Effect of Transfer

    (a)    The validity of a transfer made in a manner prescribed in this subtitle is not affected by:        (1)    Failure of the transferor to comply with § 13-309(c) of this subtitle concerning possession and control;        (2)    Designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian under § 13-309(a) of this subtitle; or        (3)    Death or incapacity of a person nominated under § 13-303 of this subtitle or designated under § 13-309 of this subtitle as custodian or the disclaimer of the office by that person.    (b)    A transfer made under § 13-309 of this subtitle is irrevocable, and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties, and authority provided in this subtitle, and neither the minor nor the minor’s legal representative has any right, power, duty, or authority with respect to the custodial property except as provided in this subtitle.    (c)    By making a transfer, the transferor incorporates in the disposition all the provisions of this subtitle and grants to the custodian, and to any third person dealing with a person designated as custodian, the respective powers, rights, and immunities provided in this subtitle.
MD. Estates and Trusts Code Ann. §  13-312 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-312 - Duties and Powers of Custodian

    (a)    A custodian shall:        (1)    Take control of custodial property;        (2)    Register or record title to custodial property if appropriate; and        (3)    Collect, hold, manage, invest, and reinvest custodial property.    (b)    (1)    Except as provided in paragraph (2) of this subsection, in dealing with custodial property:            (i)    A custodian shall observe the standard of care that would be observed by a prudent person dealing with property of another and is not limited by any other statute restricting investments by fiduciaries;            (ii)    If a custodian has a special skill or expertise or is named custodian on the basis of representations of a special skill or expertise, the custodian shall use that skill or expertise; and            (iii)    A custodian, in the custodian’s discretion and without liability to the minor or the minor’s estate, may retain any custodial property received from a transferor.        (2)    A fiduciary subject to § 15-114 of this article shall comply with that section in dealing with custodial property.    (c)    A custodian may invest in or pay premiums on life insurance or endowment policies on:        (1)    The life of the minor only if the minor or the minor’s estate is the sole beneficiary; or        (2)    The life of another person in whom the minor has an insurable interest only to the extent that the minor, the minor’s estate, or the custodian in the capacity of custodian, is the irrevocable beneficiary.    (d)    (1)    A custodian at all times shall keep custodial property separate and distinct from all other property in a manner sufficient to identify it clearly as custodial property of the minor.        (2)    Custodial property consisting of an undivided interest is so identified if the minor’s interest is held as a tenant in common and is fixed.        (3)    Custodial property subject to recordation is so identified if it is recorded, and custodial property subject to registration is so identified if it is either registered, or held in an account designated, in the name of the custodian, followed in substance by the words: “As a custodian for _____�(name of minor) under the Maryland Uniform Transfers to Minors Act”.    (e)    A custodian shall keep records of all transactions with respect to custodial property, including information necessary for the preparation of the minor’s tax returns, and shall make them available for inspection at reasonable intervals by a parent or legal representative of the minor or by the minor if the minor has attained the age of 14 years.
MD. Estates and Trusts Code Ann. §  13-313 (2021)
2021 Maryland Statutes|Estates and Trusts|Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults|Subtitle 3 - Maryland Uniform Transfers to Minors Act|Section 13-313 - Rights of Custodian; Liability

    (a)    A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only.    (b)    This section does not relieve a custodian from liability for breach of § 13-312 of this subtitle.