(a) (1) Notwithstanding any other law, a person may not serve as a fiduciary if the person has been convicted of:
(i) a felony;
(ii) a misdemeanor involving moral turpitude;
(iii) a violation of this subtitle;
(iv) a conspiracy or attempt to commit a crime described under item (i), (ii), or (iii) of this paragraph; or
(v) a crime in which a crime described under item (i), (ii), (iii), or (iv) of this paragraph is an element.
(2) A person may not knowingly allow another person to serve as a fiduciary in violation of paragraph (1) of this subsection.
(b) Any person who intentionally violates subsection (a) of this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $10,000 or imprisonment not exceeding 1 year or both.
(c) For the purposes of this section, a person is deemed to be convicted on the later of:
(1) the date of judgment of the trial court; or
(2) the date of the final sustaining of judgment on appeal.
(d) A fiduciary may be removed for a violation of subsection (a) of this section.
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