(a) If the exercise of a power is improper, the guardian is liable for breach of the guardian’s fiduciary duty to the minor or disabled person or to interested persons for resulting damage or loss to the same extent as a trustee of an express trust.
(b) The rights of purchasers and others dealing with a guardian shall be determined as provided in § 13–219 of this subtitle and are not necessarily affected by the guardian’s breach of fiduciary duty in the transaction.
Structure Maryland Statutes
Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults
Subtitle 2 - Protection of Property
Section 13-201 - Appointment of Guardian
Section 13-203 - Preservation and Application of Property
Section 13-204 - Authorization of Specific Transaction Without Appointment of Guardian
Section 13-205 - Effect of Adjudication
Section 13-206 - Guardian Generally
Section 13-207 - Persons Entitled to Appointment as Guardian
Section 13-208 - Bond of Guardian
Section 13-209 - Inventory and Accounting
Section 13-209.1 - Form and Limits of Guardianship Accounts
Section 13-210 - Petition for Orders Granting Relief
Section 13-211 - Procedure in Protective Proceedings
Section 13-212 - Degree of Care and Skill of Guardian
Section 13-214 - Powers and Duties of Guardian in Distribution
Section 13-215 - Limitation of Powers of Guardian Imposed by Will or Court
Section 13-216 - Liability for Breach of Fiduciary Duties; Rights of Purchasers
Section 13-218 - Compensation and Expenses of Guardian
Section 13-219 - Protection of Person Dealing With Guardian
Section 13-220 - Termination of Appointment of Guardian