§ 12-602. Access by fiduciaries to safe-deposit boxes

MD Fin Inst Code § 12-602 (2019) (N/A)
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(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.