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§ 14.5-110. Request for notice by other beneficiaries

West's Annotated Code of MarylandEstates and TrustsEffective: January 1, 2015

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 14.5. Maryland Trust Act (Refs & Annos)
Subtitle 1. In General (Refs & Annos)
Effective: January 1, 2015
MD Code, Estates and Trusts, § 14.5-110
§ 14.5-110. Request for notice by other beneficiaries
Currentness
In general
(a) Whenever notice to qualified beneficiaries of a trust is required under this title, the trustee shall also give notice to any other beneficiary that has sent the trustee a request for notice.
Charitable organizations designated to receive distributions from trust
(b) A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary under this title if the charitable organization on the date the qualification of the charitable organization is being determined:
(1) Is a distributee or permissible distributee of trust income or principal;
(2) Would be a distributee or permissible distributee of trust income or principal on the termination of the interests of other distributees or permissible distributees then receiving or eligible to receive distributions; or
(3) Would be a distributee or permissible distributee of trust income or principal if the trust terminated on that date.
Persons appointed to enforce a trust created for care of animal
(c) A person appointed to enforce a trust created for the care of an animal as provided in § 14.5-407 of this title or another noncharitable purpose as provided in § 14.5-408 of this title has the rights of a qualified beneficiary under this title.
State’s Attorney General
(d) The State's Attorney General has the rights of a qualified beneficiary with respect to a charitable trust having the principal place of administration of the charitable trust in this State.

Credits

Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015.
MD Code, Estates and Trusts, § 14.5-110, MD EST & TRST § 14.5-110
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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