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Subtitle 1 - General Provisions
Section 15-101 - Definitions - (a) In this subtitle the following words have the meanings...
Section 15-102 - Powers of a Fiduciary - (a) (1) In this section the following words have the...
Section 15-103 - Securities Under Reorganization - (a) Whenever securities are deposited or exchanged, or tendered for...
Section 15-104 - Fiduciary Authorized to Deposit Securities With Securities Clearing Corporation - (a) (1) Notwithstanding any other provision of law, a fiduciary...
Section 15-105 - Agreement of Fiduciary and Surety for Deposit of Assets - (a) A fiduciary, or party of whom a bond, undertaking...
Section 15-106 - Lawful Investments - (a) The following investments shall be lawful investments for any...
Section 15-107 - Survival of Power When Right Given One or More Fiduciaries - Whenever by will, deed, or other instrument, a power to...
Section 15-108 - Protection When Distribution Made in Conformity With Order of Court - (a) A fiduciary making a distribution or delivery of any...
Section 15-109 - Release of Fiduciary to Whom Property Transferred by Another - The receipt and release of a foreign fiduciary to whom...
Section 15-110 - Enforcement of Order to Give Countersecurity - (a) In addition to any other means of enforcing a...
Section 15-111 - Resignation of Fiduciary - The discharge of a fiduciary who has resigned the fiduciary’s...
Section 15-112 - Removal of Fiduciary - (a) (1) A court shall remove a fiduciary who has:...
Section 15-113 - Joint and Several Liability of Trust Company Affiliates - An entity that controls, is controlled by, or is under...
Section 15-114 - Guidelines and Standards for Investment of Assets - (a) (1) In this section the following words have the...
Section 15-115 - Corporations That Act as Fiduciaries Not Liable as Sureties - A corporation that under the laws of this State may...
Section 15-116 - Contract of Insurance on Life of Grantor - Notwithstanding any other provision of law, and except as otherwise...
Subtitle 1A - Successor Corporate Fiduciaries
Section 15-1A-01 - Definitions - (a) In this subtitle the following words have the meanings...
Section 15-1A-02 - Substitution Generally - (a) Subject to the provisions of § 15-1A-04(d)(2) of this...
Section 15-1A-03 - Qualifications; Joint and Several Liability - (a) For purposes of qualifying as a fiduciary with respect...
Section 15-1A-04 - Notice of Substitution - (a) When a successor fiduciary is substituted under this subtitle,...
Section 15-1A-05 - Removal - In addition to the provisions for removal under § 15-1A-04(d)...
Subtitle 2 - Maryland Uniform Fiduciaries Act
Section 15-201 - Definitions - (a) In this subtitle the following words have the meanings...
Section 15-202 - Application of Payments Made to Fiduciaries - (a) A person who in good faith pays or transfers...
Section 15-203 - Transfer of Negotiable Instrument by Fiduciary - (a) Except as provided in subsection (b) of this section,...
Section 15-204 - Check Drawn by Fiduciary Payable to Third Person - (a) Except as provided in subsection (b) of this section,...
Section 15-205 - Check Drawn by and Payable to Fiduciary - If a check or other bill of exchange is drawn...
Section 15-206 - Deposit in Name of Fiduciary as Such - (a) Except as provided in subsection (b) of this section,...
Section 15-207 - Deposit in Name of Principal - (a) Except as provided in subsection (b) of this section,...
Section 15-208 - Deposit in Personal Account of Fiduciary - (a) This section applies if a fiduciary makes a deposit...
Section 15-209 - Cases Not Provided for in Article - In any case not provided for in this subtitle the...
Section 15-210 - Uniformity of Interpretation - The Maryland Uniform Fiduciaries Act shall be so interpreted and...
Section 15-211 - Short Title - This subtitle may be cited as the Maryland Uniform Fiduciaries...
Subtitle 3 - Maryland Uniform Act for the Simplification of Fiduciary Security Transfers
Section 15-301 - Definitions - (a) In this subtitle the following words have the meanings...
Section 15-302 - Corporation or Transfer Agent Registering Security in Name of Fiduciary Not Required to Make Inquiry - A corporation or transfer agent registering a security in the...
Section 15-303 - Corporation or Transfer Agent Making Transfer of Security Pursuant to Assignment by Fiduciary -- Assumptions Generally - Except as otherwise provided in this subtitle, a corporation or...
Section 15-304 - Evidence Required When Fiduciary Not Registered Owner - (a) A corporation or transfer agent making a transfer pursuant...
Section 15-305 - Claim of Beneficial Interest Adverse to Transfer of Security Pursuant to Assignment by Fiduciary - (a) (1) A person asserting a claim of beneficial interest...
Section 15-306 - Nonliability of Corporation and Transfer Agent - A corporation or transfer agent incurs no liability to any...
Section 15-307 - Nonliability of Third Persons - (a) A person who participates in the acquisition, disposition, assignment...
Section 15-308 - Territorial Application - (a) The rights and duties of a corporation and its...
Section 15-309 - Tax Obligations - This subtitle does not affect any obligation of a corporation...
Section 15-310 - Uniformity of Interpretation - This subtitle shall be so construed as to effectuate its...
Section 15-311 - Short Title - This subtitle may be cited as the Maryland Uniform Act...
Subtitle 4 - Maryland Uniform Prudent Management of Institutional Funds Act
Section 15-401 - Definitions - (a) In this subtitle the following words have the meanings...
Section 15-402 - Management and Investment - (a) Subject to the intent of a donor expressed in...
Section 15-403 - Appropriations for Expenditure - (a) (1) Subject to the intent of a donor expressed...
Section 15-404 - Delegation of Authority - (a) (1) Subject to any specific limitation set forth in...
Section 15-405 - Release or Modification of Restriction - (a) (1) If the donor consents in a record, an...
Section 15-406 - Compliance - Compliance with this subtitle shall be determined in light of...
Section 15-407 - Scope - (a) Except as provided in subsection (b) of this section,...
Section 15-408 - Effect on Federal Electronic Signatures in Global and National Commerce Act - This subtitle modifies, limits, and supersedes the Electronic Signatures in...
Section 15-409 - Application and Construction of Subtitle - In applying and construing this subtitle, which is a uniform...
Section 15-410 - Short Title - This subtitle may be cited as the “Maryland Uniform Prudent...
Subtitle 5 - Maryland Uniform Principal and Income Act
Part I - Definitions; Fiduciary Duties
Section 15-501 - Definitions - (a) In this subtitle the following words have the meanings...
Section 15-502 - Fiduciary Duties; General Principles - (a) In allocating receipts and disbursements to or between principal...
Section 15-502.1 - Conversion of Trust Into Unitrust - (a) A trustee may convert a trust into a unitrust...
Section 15-502.2 - Adjustment Between Principal and Income - (a) A trustee may adjust between principal and income to...
Section 15-502.3 - Proposed Decision by Trustee - (a) In this section, “qualified beneficiary” means: (1) A person...
Part II - Decedent's Estate or Terminating Income Interest
Section 15-503 - Determination and Distribution of Net Income - (a) The rules in subsections (b) through (e) of this...
Section 15-504 - Distribution to Residuary and Remainder Beneficiaries - (a) (1) Each beneficiary described in § 15–503(d) of this...
Part III - Apportionment at Beginning and End of Income Interest
Section 15-505 - When Right to Income Begins and Ends - (a) (1) An income beneficiary is entitled to net income...
Section 15-506 - Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins - (a) A trustee shall allocate an income receipt or disbursement...
Section 15-507 - Apportionment When Income Interest Ends - (a) (1) In this section, “undistributed income” means net income...
Part IV - Allocation of Receipts During Administration of Trust
Section 15-508 - Character of Receipts - (a) In this section, “entity” means a corporation, partnership, limited...
Section 15-509 - Distribution From Trust or Estate - (a) A trustee shall allocate to income an amount received...
Section 15-510 - Separate Accounting Methods in Business and Other Activities Conducted by Trustee - (a) If a trustee who conducts a business or other...
Section 15-511 - Principal Receipts - A trustee shall allocate to principal: (1) To the extent...
Section 15-512 - Rental Property - (a) To the extent that a trustee accounts for receipts...
Section 15-513 - Obligation to Pay Money - (a) An amount received as interest, whether determined at a...
Section 15-514 - Insurance Policies and Similar Contracts - (a) Except as provided in subsection (b) of this section,...
Section 15-515 - Insubstantial Allocations Not Required - (a) (1) If a trustee determines that an allocation between...
Section 15-516 - Deferred Compensation, Annuities, and Similar Payments - (a) (1) In this section the following words have the...
Section 15-517 - Liquidating Asset - (a) (1) In this section, “liquidating asset” means an asset...
Section 15-518 - Minerals, Water, and Other Natural Resources - (a) To the extent that a trustee accounts for receipts...
Section 15-519 - Timber - (a) To the extent that a trustee accounts for receipts...
Section 15-520 - Property Not Productive of Income - (a) (1) If a marital deduction is allowed for all...
Section 15-521 - Derivatives and Options - (a) In this section, “derivative” means a contract or financial...
Section 15-522 - Asset-Backed Securities - (a) (1) In this section, “asset-backed security” means an asset...
Part V - Allocation of Disbursements During Administration of Trust
Section 15-523 - Disbursements From Income - A trustee shall make the following disbursements from income to...
Section 15-524 - Disbursements From Principal - (a) A trustee shall make the following disbursements from principal:...
Section 15-525 - Transfers From Income to Principal for Depreciation - (a) In this section, “depreciation” means a reduction in value...
Section 15-526 - Transfers From Income to Reimburse Principal - (a) If a trustee makes or expects to make a...
Section 15-527 - Income Taxes - (a) A tax required to be paid by a trustee...
Section 15-528 - Adjustments Between Principal and Income Because of Taxes - (a) A fiduciary may make adjustments between principal and income...
Section 15-529 - Uniformity of Application and Construction - This subtitle shall be so applied and construed to effectuate...
Section 15-530 - Short Title - This subtitle may be cited as the “Maryland Uniform Principal...
Subtitle 6 - Maryland Fiduciary Access to Digital Assets Act
Section 15-601 - Definitions - (a) In this subtitle the following words have the meanings...
Section 15-602 - Exclusions - This subtitle does not apply to a digital asset of...
Section 15-603 - Direction to Disclose Information - (a) (1) A user may use an online tool to...
Section 15-604 - Right to Access Digital Assets - (a) This subtitle does not change or impair the right...
Section 15-605 - Disclosure of Digital Assets - (a) When disclosing the digital assets of a user under...
Section 15-606 - Deceased Users -- Disclosures to Personal Representative - If a deceased user consented to or a court directs...
Section 15-607 - Deceased Users -- Disclosure of Catalogue of Electronic Communications to Personal Representative - Unless a user prohibited disclosure of digital assets or a...
Section 15-608 - Disclosures by Custodian by Agent; Requirements - To the extent that a power of attorney expressly grants...
Section 15-609 - Disclosures by Custodian by Agent -- Catalogue of Electronic Communications - Unless otherwise ordered by a court, directed by a principal,...
Section 15-610 - Disclosure of Digital Assets of Account Held in Trust -- to Original User Trustee - Unless otherwise ordered by a court or provided in a...
Section 15-611 - Disclosure of Content of Electronic Communication of User -- to Trustee Not Original User; Requirements - Unless otherwise ordered by a court, directed by a user,...
Section 15-612 - Disclosure of Catalogue of Electronic Communication and Assets of User -- to Trustee Not Original User; Requirements - Unless otherwise ordered by a court, directed by a user,...
Section 15-613 - Disclosures to Guardians of Protected Persons - (a) After an opportunity for hearing under Title 13, Subtitle...
Section 15-614 - Rights and Duties of Fiduciaries - (a) The legal duties imposed on a fiduciary charged with...
Section 15-615 - Compliance With Request for Disclosure of Assets or Termination of Account From Fiduciary or Designated Recipient - (a) (1) No later than 60 days after receipt of...
Section 15-616 - Construction With Revised Uniform Fiduciary Access to Digital Assets Act as Adopted by Other States - In applying and construing this subtitle, consideration shall be given...
Section 15-617 - Construction With Federal Electronic Signatures in Global and National Commerce Act - This subtitle modifies, limits, or supersedes the Electronic Signatures in...
Section 15-618 - Applicability - This subtitle applies to: (1) A fiduciary acting under a...
Section 15-619 - Severability - If a provision of this subtitle or its application to...
Section 15-620 - Short Title - This subtitle may be cited as the Maryland Fiduciary Access...