Whenever by will, deed, or other instrument, a power to sell, mortgage, lease or otherwise dispose of or deal with property shall be given to any one or more fiduciaries, the power, whether discretionary or otherwise, shall be construed to be appurtenant to the fiduciary office and shall pass to and be exercisable by any surviving or successor fiduciary, unless an intention to the contrary is expressly declared in the will, deed, or other instrument.
Structure Maryland Statutes
Subtitle 1 - General Provisions
Section 15-102 - Powers of a Fiduciary
Section 15-103 - Securities Under Reorganization
Section 15-104 - Fiduciary Authorized to Deposit Securities With Securities Clearing Corporation
Section 15-105 - Agreement of Fiduciary and Surety for Deposit of Assets
Section 15-106 - Lawful Investments
Section 15-107 - Survival of Power When Right Given One or More Fiduciaries
Section 15-108 - Protection When Distribution Made in Conformity With Order of Court
Section 15-109 - Release of Fiduciary to Whom Property Transferred by Another
Section 15-110 - Enforcement of Order to Give Countersecurity
Section 15-111 - Resignation of Fiduciary
Section 15-112 - Removal of Fiduciary
Section 15-113 - Joint and Several Liability of Trust Company Affiliates
Section 15-114 - Guidelines and Standards for Investment of Assets
Section 15-115 - Corporations That Act as Fiduciaries Not Liable as Sureties