In exercising authority, control, or discretion with respect to the several systems, a fiduciary may not:
(1) use the assets of the several systems for the fiduciary's own interest or account;
(2) act in a transaction involving the several systems on behalf of a person, or represent a person, if the interests of the person are adverse to the interests of the several systems or the interests of participants;
(3) receive any consideration for the fiduciary's own account from a person dealing with the several systems in connection with a transaction involving the assets of the several systems; or
(4) become an endorser or surety or, in any manner, an obligor, for money lent to or borrowed from the Board of Trustees.
Structure Maryland Statutes
Title 21 - State Retirement and Pension System
Subtitle 2 - Fiduciary Responsibilities
Section 21-202 - Purposes of Assets of System
Section 21-203 - Standards of Care
Section 21-204 - Duties and Responsibilities of Trustees
Section 21-205 - Prohibited Transactions Involving System Assets
Section 21-206 - Liability of Fiduciary for Breach of Duty
Section 21-207 - Indemnification of Fiduciaries
Section 21-208 - Agreement Relieving Fiduciary From Liability