Where a guardian, committee or conservator is presently maintaining an account on behalf of an infant, incompetent, conservatee or person under disability in an amount not exceeding $10,000.00, which account was established prior to the effective date of this section, the guardian, committee or conservator may petition the court in the county having jurisdiction over said account for an order authorizing the termination of the account and payment of the balance of the account to a parent of such person or to some competent adult with whom such person resides or who has some interest in such person's welfare for the use and benefit of such person.
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