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 $25,000 in value.Amended by 2024 Md. Laws, Ch. 315,Sec. 1, eff. 10/1/2024.Amended by 2024 Md. Laws, Ch. 314,Sec. 1, eff. 10/1/2024.