Section 13-209.1 - Form and limits of guardianship accounts(a)(1) Subject to paragraph (2) of this subsection, a guardian of the property of a minor or disabled person may 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.(2)(i) If the amount of cash belonging to a minor or disabled person exceeds $200,000, any excess amount shall be deposited into additional restricted accounts.(ii) The amount deposited in an additional restricted account under subparagraph (i) of this paragraph may not exceed $200,000.(iii) The aggregate amount deposited in any financial institution may not exceed $200,000.(b) A deposit under subsection (a) of this section may be made into any type of account, including a certificate of deposit, in a financial institution that: (1) Accepts deposits; and(2)(i) Is federally insured; or(ii) Is regulated by the Commissioner of Financial Regulation.Added by 2013 Md. Laws, Ch. 196,Sec. 1, eff. 10/1/2013.