§ 14.5-415. Division or consolidation of trusts
West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019
Effective: October 1, 2019
MD Code, Estates and Trusts, § 14.5-415
§ 14.5-415. Division or consolidation of trusts
(a)(1) Subject to the provisions of paragraph (2) of this subsection, on petition by a trustee, personal representative, beneficiary, or party in interest, after notice as the court may direct to the trustees, personal representatives, beneficiaries, and parties in interest, and for good cause shown, a court may:
(b) Subsection (a) of this section may not be construed to limit the right of a trustee or personal representative to divide a trust or consolidate trusts, without an order of a court, in accordance with the applicable provisions of the governing instrument.
(c)(1) Subject to the provisions of paragraphs (2) and (3) of this subsection, if a trust instrument does not provide for the consolidation or division of a trust, a trustee may, without an order of a court:
Credits
Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015. Amended by Acts 2019, c. 498, § 1, eff. Oct. 1, 2019; Acts 2019, c. 499, § 1, eff. Oct. 1, 2019.
MD Code, Estates and Trusts, § 14.5-415, MD EST & TRST § 14.5-415
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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