There is a newer version of the Maryland Code
Maryland Financial Institutions Section 5-305
§ 5-305.
  If a deposit in a banking institution is made by and in the name of a minor:
    (1)   The institution shall hold the money for the exclusive benefit of the minor or that minor's creditors;
    (2)   The minor may withdraw money from the account; and
    (3)   A receipt signed by the minor discharges the institution for the withdrawal.
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