Md. Code, Financial Institutions § 12-602

§12–602.

Year: 2026Length: 149 wordsSubsections: 3Official source
(a) In this section, “fiduciary” includes the fiduciary’s successor. (b) Except as provided in subsection (c) of this section, if a safe-deposit company rents a safe-deposit box to a fiduciary, the safe-deposit company may not permit access to the safe-deposit box: (1) By any person other than the fiduciary; and (2) If the safe-deposit box is rented to two or more fiduciaries, by less than all of the fiduciaries in person. (c) The safe-deposit company may permit access to the safe-deposit box by: (1) Any individual authorized by all of the fiduciaries, in accordance with a rental agreement, written power of attorney, or other written authority signed by each fiduciary and filed with the safe-deposit company; and (2) Less than all of the fiduciaries, in accordance with a rental agreement, written power of attorney, or other written authority signed by the remaining fiduciaries and filed with the safe-deposit company.
Md. Code, Financial Institutions § 12-602: §12–602. | Justis AI