(a) A fiduciary making a distribution or delivery of any property, in conformity to a decree or order of court passed pursuant to the Maryland Rules, shall be protected from a claim in respect to the property by an absent or unknown beneficiary or life tenant proceeded against under the Maryland Rules, or the heirs, personal representatives, or assigns of an absent or unknown beneficiary or life tenant.
(b) Nothing in this section limits a similar protection granted to fiduciaries by applicable laws in effect before the passage of the Maryland Rules.
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