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Section 14-307 - Rights and Powers of Courts and Attorney General - Sections 14-303 through 14-307 of this subtitle do not impair...
Subtitle 4 - Maryland Discretionary Trust Act
Section 14-401 - Definitions - (a) In this subtitle the following words have the meanings...
Section 14-402 - Rights, Duties, or Obligations of Trustee, Beneficiary, Transferor, Declarant, or Persons Dealing With Them - (a) (1) The trustee holds title to the trust property....
Section 14-403 - Eligibility to Create Trust; Trustees; Trustee Succession - (a) Any person having the right to transfer property to...
Section 14-404 - Creation of Trust - (a) A person may create a trust by transferring property...
Section 14-405 - Administration by Trustee - (a) The trustee’s obligations begin when the trustee accepts the...
Section 14-406 - Termination - (a) The trust shall terminate upon the first to occur...
Section 14-407 - Forms - (a) The following form may be used to create a...
Section 14-408 - Short Title - This subtitle may be cited as the “Maryland Discretionary Trust...
Subtitle 5 - Health Savings Accounts
Section 14-501 - Definition of Accounts -- Establishment -- Inapplicability of Article - (a) In this subtitle, “health savings account” has the meaning...
Title 14.5 - Maryland Trust Act
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...
Title 15 - Fiduciaries
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...
Title 16 - Maryland Uniform Transfer-on-Death (Tod) Security Registration Act
Section 16-101 - Definitions - (a) In this title the following terms have the meanings...
Section 16-102 - Registration in Beneficiary Form -- Sole or Joint Tenancy Ownership - (a) Only individuals whose registration of a security shows sole...
Section 16-103 - Registration in Beneficiary Form -- Applicable Law - (a) A security may be registered in beneficiary form if...
Section 16-104 - Registration in Beneficiary Form -- Origination - A security, whether evidenced by certificate or account, is registered...
Section 16-105 - Registration in Beneficiary Form -- Form - Registration in beneficiary form may be shown by the words...
Section 16-106 - Registration in Beneficiary Form -- Effect - (a) The designation of a TOD beneficiary on a registration...
Section 16-107 - Ownership on Death of Owner - (a) On death of a sole owner or the last...
Section 16-108 - Protection of Registering Entity - (a) (1) A registering entity is not required to offer...
Section 16-109 - Nontestamentary Transfer-on-Death; Rights of Creditors - (a) A transfer-on-death resulting from a registration in beneficiary form...
Section 16-110 - Terms, Conditions, and Forms for Registration - (a) (1) A registering entity offering to accept registrations in...
Section 16-111 - Short Title; Rules of Construction - (a) This title may be cited as the Maryland Uniform...
Section 16-112 - Application of Act - This title applies to registrations of securities in beneficiary form...
Title 17 - Maryland General and Limited Power of Attorney Act
Section 17-101 - Definitions - (a) In this title the following words have the meanings...
Section 17-102 - Agent Not Required to Make Disclosures Except on Request of Court or Certain Parties - (a) Except as otherwise provided in a power of attorney,...
Section 17-103 - Petition for Construction of Power of Attorney - (a) The following persons may petition a court to construe...
Section 17-104 - Statutory Form Mandatory; Violations; Penalties - (a) A person may not require an additional or different...
Section 17-105 - Durable Power of Attorney - (a) In this section, “durable power of attorney” means a...
Section 17-106 - Revocation or Termination of Power of Attorney - (a) (1) The death, disability, or incompetence of a principal...
Section 17-107 - Effect of Power of Attorney Executed by Member of Armed Services - If any member of the armed services of the United...
Section 17-108 - General Consideration - (a) A power of attorney executed in this State is...
Section 17-109 - Scope of Title; Exceptions - (a) Except as provided in subsection (b) of this section,...
Section 17-110 - Requirements - (a) Except as provided in subsection (e) of this section,...
Section 17-111 - When Power Becomes Effective - (a) A power of attorney is effective when executed, unless...
Section 17-112 - Termination - (a) A power of attorney terminates when: (1) The principal...
Section 17-113 - Duties of Agent - (a) Notwithstanding provisions in the power of attorney, an agent...
Section 17-114 - Reimbursement for Expenses; Compensation - (a) Unless the power of attorney otherwise provides, an agent...
Section 17-115 - Construction With Other Laws - This title does not supersede other laws applicable to financial...
Section 17-116 - Short Title - This title may be cited as the Maryland General and...
Subtitle 2 - Statutory Forms
Section 17-201 - Statutory Form - (a) A document substantially in one of the forms set...
Section 17-202 - Statutory Form -- Personal Financial Power of Attorney - MARYLAND STATUTORY FORM PERSONAL FINANCIAL POWER OF ATTORNEY IMPORTANT INFORMATION...
Section 17-203 - Statutory Form -- Limited Power of Attorney - MARYLAND STATUTORY FORM LIMITED POWER OF ATTORNEY PLEASE READ CAREFULLY...
Section 17-204 - Statutory Form -- Agent's Certification of Validity and Authority - The following optional form may be used by an agent...