(a) Except as provided in § 21-204(b) and (c) of this subtitle, a provision in an agreement that purports to relieve a fiduciary from a responsibility, obligation, or duty, or liability for a responsibility, obligation, or duty under this subtitle is against public policy and void.
(b) This subtitle does not preclude indemnification of a fiduciary in accordance with § 21-207 of this subtitle.
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