In the distribution of the general assets of a trust company that dissolves voluntarily, the person who succeeds the trust company as a personal representative, guardian, trustee, receiver, or other fiduciary has a preference for all debts and accounts that are due to or held by it as fiduciary over all other debts and liabilities, including salaries and wages of employees.
Structure Maryland Statutes
Title 3 - Banking Institutions -- Commercial Banks
Subtitle 8 - Conversions and Voluntary Dissolutions
Section 3-802 - Conversion of Commercial Bank Into National Banking Association
Section 3-803 - Voluntary Dissolution -- in General
Section 3-804 - Voluntary Dissolution -- Preference for Property Held in Fiduciary Capacity