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Subtitle 1 - In General
Section 14.5-101 - Short Title - This title may be cited as the Maryland Trust Act.
Section 14.5-102 - Application of Title - This title applies to express charitable or noncharitable trusts and...
Section 14.5-103 - Definitions - (a) In this title the following words have the meanings...
Section 14.5-104 - Person With Knowledge of Facts - A person has knowledge of a fact if the person:...
Section 14.5-105 - Terms of Trust Prevail -- Exceptions - The terms of a trust prevail over a provision of...
Section 14.5-106 - Common Law of Trusts and Principles of Equity Are Supplemental - The common law of trusts and principles of equity supplement...
Section 14.5-107 - Governing Law of Trust Provisions - The meaning and effect of the terms of a trust...
Section 14.5-108 - Principal Place of Administration - (a) Without precluding other means for establishing a sufficient connection...
Section 14.5-109 - Notice - (a) (1) Notice to a person under this title or...
Section 14.5-110 - Qualified Beneficiaries - (a) Whenever notice to qualified beneficiaries of a trust is...
Section 14.5-111 - Nonjudicial Settlement Agreements - (a) In this section, “interested person” means a person whose...
Section 14.5-112 - Inter Vivos Trust -- Applicability of Other Sections - (a) In the absence of express language to the contrary,...
Subtitle 2 - Judicial Proceedings
Section 14.5-201 - Intervention in Administration of Trust - (a) On the invocation of the court’s jurisdiction by an...
Section 14.5-202 - Jurisdiction - (a) By accepting the trusteeship of a trust having the...
Section 14.5-203 - Discretionary Powers Subject to Judicial Control; Abuse of Discretion - (a) (1) A discretionary power conferred on the trustee to...
Subtitle 3 - Representation
Section 14.5-301 - General Consideration - (a) Except as required by the applicable rules of civil...
Section 14.5-302 - Qualified Power of Appointment - (a) The holder of a qualified power of appointment may...
Section 14.5-303 - Representatives Enumerated - To the extent there is no conflict of interest between...
Section 14.5-304 - Representatives Enumerated -- Minor, Incapacitated or Unborn Individual, or Individual Whose Identity or Location Is Unknown - Unless otherwise represented, a minor, an incapacitated or unborn individual,...
Section 14.5-305 - Appointment of Representative by Court - (a) If the court determines that an interest is not...
Section 14.5-306 - Designation of Representatives; Priorities; Prohibitions; Liability - (a) A settlor may: (1) Designate one or more persons...
Subtitle 4 - Creation, Validity, Modification, and Termination of Trust
Section 14.5-401 - Creation of Trust - A trust may be created by: (1) Transfer of property...
Section 14.5-402 - Requirements - (a) A trust is created only if: (1) The settlor...
Section 14.5-403 - Validity of Trust Not Created by Will - A trust not created by will is validly created if...
Section 14.5-404 - Purposes and Benefits - (a) A trust may be created only to the extent...
Section 14.5-405 - Void Trusts - A trust is void to the extent that the creation...
Section 14.5-406 - Oral Trusts Established by Clear and Convincing Evidence - Except as required by a provision other than this title,...
Section 14.5-407 - Trusts for Care of Animal - (a) A trust may be created to provide for the...
Section 14.5-408 - Noncharitable Trusts - Except as otherwise provided in § 14.5–407 of this subtitle...
Section 14.5-409 - Termination of Trusts; Institution of Proceedings - (a) In addition to the methods of termination prescribed by...
Section 14.5-410 - Modification or Termination of Trust - (a) (1) A noncharitable irrevocable trust may be terminated on...
Section 14.5-411 - Modification of Administrative or Dispositive Provisions or Termination for Unforeseen Circumstances - (a) (1) The court may modify the administrative or dispositive...
Section 14.5-412 - Termination Without Court Order -- Procedure - (a) (1) In this section the following words have the...
Section 14.5-413 - Reforming Terms of Trust - The court may reform the terms of a trust, even...
Section 14.5-414 - Modification of Terms for Purposes of Taxes - (a) To achieve the tax objectives of the settlor, the...
Section 14.5-415 - Division or Consolidation of Trust - (a) (1) Subject to the provisions of paragraph (2) of...
Subtitle 5 - Creditor's Claims; Spendthrift and Discretionary Trusts
Section 14.5-501 - Creditor's Claims - (a) A court may authorize a creditor or an assignee...
Section 14.5-502 - Discretionary Distribution Provision - (a) (1) A beneficiary of a discretionary distribution provision has...
Section 14.5-503 - Effect of Support Provision - (a) Except as provided in §§ 14.5–505 and 14.5–506(b) of...
Section 14.5-504 - Spendthrift Provisions - (a) A spendthrift provision is valid and enforceable. (b) A...
Section 14.5-505 - Spendthrift Provisions -- Allowable Claims - (a) In this section, “child” includes any person for whom...
Section 14.5-506 - Mandatory Distribution Provisions Other Than Support Provision -- Attachment - (a) To the extent that the interest of a beneficiary...
Section 14.5-507 - Power of Appointment - (a) (1) A power of appointment held by a person...
Section 14.5-508 - Trust Property Subject to Claims of Creditors or Assigns - (a) The following rules apply, whether or not the terms...
Section 14.5-509 - Trust Property Not Subject to Obligations of Trustee - Trust property is not subject to personal obligations of the...
Section 14.5-510 - Attaching, Exercising, Reaching, or Otherwise Compelling Distribution of Beneficial Interest Prohibited; Exceptions - (a) A creditor may not attach, exercise, reach, or otherwise...
Section 14.5-511 - Immunity of Marital Trust Property From Claims of Separate Creditors of Husband or Wife - (a) In this section, “proceeds” means: (1) Property acquired by...
Subtitle 6 - Revocable Trusts
Section 14.5-601 - Capacity of Settlor - (a) The capacity required to create, amend, revoke, or add...
Section 14.5-602 - Revocation or Amendment of Trusts - (a) (1) Unless the terms of a trust expressly provide...
Section 14.5-603 - Rights of Beneficiaries Subject to Control of Settlor - (a) Except as provided in subsection (b) of this section,...
Section 14.5-604 - Partial Revocation by Divorce or Annulment - (a) This section applies: (1) (i) With respect to a...
Section 14.5-605 - Limitation for Contesting Validity of Revocable Trust - A person shall commence a judicial proceeding to contest the...
Section 14.5-606 - Treatment of Property or Benefits After Filing of Election - (a) (1) In this section the following words have the...
Subtitle 7 - Office of Trustee
Section 14.5-701 - Acceptance or Rejection of Trusteeship - (a) Except as otherwise provided in subsection (c) of this...
Section 14.5-702 - Bond - (a) A trustee shall give bond to secure performance of...
Section 14.5-703 - Cotrustees - (a) If a vacancy occurs in a cotrusteeship, the remaining...
Section 14.5-704 - Vacancies - (a) A vacancy in a trusteeship occurs if: (1) A...
Section 14.5-705 - Resignation of Trustee - (a) A trustee may resign with the approval of the...
Section 14.5-706 - Removal of Trustee - In addition to the grounds and procedures for removal of...
Section 14.5-707 - Duties of Trustee Following Resignation or Removal - (a) Unless a cotrustee remains in office or the court...
Section 14.5-708 - Commissions or Compensation - (a) (1) (i) A testamentary trustee and trustee of any...
Section 14.5-709 - Reimbursement for Expenses; Advances - (a) A trustee is entitled to be reimbursed out of...
Section 14.5-710 - Trustees - (a) The following persons may exercise trust or fiduciary powers...
Section 14.5-711 - Judge, Clerk, Register of Wills Prohibited From Serving as Trustee; Exception - A judge of a court established under the laws of...
Subtitle 8 - Duties and Powers of Trustee
Section 14.5-801 - Administration in General - On acceptance of a trusteeship, the trustee shall administer the...
Section 14.5-802 - Conflict Between Fiduciary and Personal Interests of Trustee - (a) A trustee shall administer the trust solely in the...
Section 14.5-803 - Two or More Beneficiaries - If a trust has two or more beneficiaries, the trustee...
Section 14.5-804 - Standard for Administration - (a) A trustee shall administer the trust as a prudent...
Section 14.5-805 - Incursion of Allowable Costs - In administering a trust, the trustee may incur only costs...
Section 14.5-806 - Trustee With Special Skills or Expertise - A trustee that has special skills or expertise, or is...
Section 14.5-807 - Delegation of Duties and Powers - (a) (1) A trustee may delegate duties and powers that...
Section 14.5-808 - Actions Contrary to Trust Terms; Advisers and Fiduciaries - (a) While a trust is revocable, the trustee may follow...
Section 14.5-809 - Control and Protection of Trust Property; Exception - A trustee shall take reasonable steps to take control of...
Section 14.5-810 - Records; Keeping Property Separate - (a) A trustee shall keep adequate records of the administration...
Section 14.5-811 - Enforcement, Defense, Abandonment or Assignment of Claims Against Trust - (a) A trustee shall take reasonable steps to enforce claims...
Section 14.5-812 - Breach of Trust - (a) A trustee is not liable to the beneficiary for...
Section 14.5-813 - Duties in General - (a) Unless unreasonable under the circumstances, a trustee shall promptly...
Section 14.5-814 - Prohibited Powers - (a) None of the following powers conferred on a trustee...
Section 14.5-815 - Powers of Trustee Without Authorization of Court - (a) A trustee, without authorization by the court, may exercise:...
Section 14.5-816 - Powers of Trustee in General - (a) A trustee has those powers enumerated in the trust...
Section 14.5-817 - Distribution on Termination or Partial Termination of Trust - (a) (1) On termination or partial termination of a trust,...
Subtitle 9 - Liability of Trustees and Rights of Persons Dealing With the Trustee
Section 14.5-901 - Breach of Trust - (a) (1) A violation by a trustee of a duty...
Section 14.5-902 - Extent of Liability; Contribution - (a) A trustee that commits a breach of trust is...
Section 14.5-903 - No Liability for Loss or Depreciation in Value of Trust Property or for No Profits - Absent a breach of trust or the applicable standard of...
Section 14.5-904 - Limitation Period for Breach of Trust Action - (a) Except as otherwise provided in § 14.5–907 of this...
Section 14.5-906 - Exculpatory Clauses Unenforceable - (a) A term of a trust relieving a trustee of...
Section 14.5-907 - Consent, Release, or Ratification by Beneficiary - (a) In this section, “interested party” means a beneficiary, representative...
Section 14.5-908 - Actions and Claims Against Trustee - (a) Except as otherwise provided in the contract, a trustee...
Section 14.5-909 - Protection of Persons Dealing With Trustees - (a) In the absence of actual knowledge or of reasonable...
Section 14.5-910 - Certification of Trust - (a) Instead of furnishing a copy of the trust instrument...
Subtitle 10 - Miscellaneous Provisions
Section 14.5-1001 - Tax-Exempt Status - (a) (1) In this section the following words have the...
Section 14.5-1002 - Special Needs Trust or Supplemental Needs Trust - (a) In this section, “special needs trust” and “supplemental needs...
Section 14.5-1003 - Interests in Grantor and Qualified Terminable Interest Property Trusts - (a) An individual who creates a trust may not be...
Section 14.5-1004 - Enforceability of Electronic Records or Electronic Signatures - The provisions of this title governing the legal effect, validity,...
Section 14.5-1005 - Severability - If a provision of this title or the application of...
Section 14.5-1006 - Applicability of Title - (a) Except as otherwise provided in this title: (1) This...