§ 1-101. Definitions
West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2011
Effective: October 1, 2011
MD Code, Estates and Trusts, § 1-101
§ 1-101. Definitions
(g)(1) “Environmental law” means a federal, State, or local law, rule, regulation, or ordinance that relates to the protection of the environment.
(h) “Heir” is a person entitled to property of an intestate decedent pursuant to §§ 3-101 through 3-110 of this article.
(i) “Interested person” is:
Interested person includes a person as above defined who is (a) a minor or other person under a disability, or (b) the judicially appointed guardian, committee, conservator or trustee for such person, if any, and if none, then the parent or other person having assumed responsibility for such person.
An heir or legatee whose interest is contingent solely on whether some other heir or legatee survives the decedent by a stated period is an interested person but only after the other heir or legatee has died within that period.
(l) “Legacy” means any property disposed of by will, including property disposed of in a residuary clause and assets passing by the exercise by the decedent of a testamentary power of appointment.
(m) “Legatee” means a person who under the terms of a will would receive a legacy. It includes a trustee but not a beneficiary of an interest under the trust.
(o) “Maryland Rules” means the rules promulgated by the Court of Appeals of Maryland under the authority of the Constitution and laws of Maryland.
(p) “Net estate” means the property of the decedent exclusive of the family allowance and enforceable claims against the estate, except as used in §§ 3-102 and 3-203 of this article.
(q) “Personal representative” includes an executor or administrator but not a special administrator.
(r) “Property” includes both real and personal property, and any right or interest therein. “Property” refers to (1) all real and personal property of a decedent and (2) any right or interest therein which does not pass, at the time of the decedent's death, to another person by the terms of the instrument under which it is held, or by operation of law.
(u) “Special administrator” means an administrator appointed as provided in § 6-401 of this article.
(v) “Trust company” means an institution that is authorized to exercise trust or fiduciary powers and that:
2. Meets the definition of a trust institution under 12 U.S.C. § 1841(c)(2)(D); or
2. Accepts deposits at its office in this State; or
2. Meets the definition of a trust institution under 12 U.S.C. § 1841(c)(2)(D); and
3. Is a direct or indirect subsidiary of a bank holding company that has a direct or indirect bank, trust company, or savings bank subsidiary that has an office in this State at which deposits are accepted; or
2. Accepts deposits at its office in this State.
Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 1987, c. 11, § 1; Acts 1990, c. 674; Acts 1991, c. 207, §§ 1, 2; Acts 1992, c. 22, § 1; Acts 1992, c. 352; Acts 1994, c. 480, §§ 1, 2, eff. Oct. 1, 1994; Acts 1995, c. 213, § 2, eff. Sept. 29, 1995; Acts 1998, c. 21, § 1, eff. April 14, 1998; Acts 1998, c. 700, §§ 1, 2, eff. Oct. 1, 1998; Acts 2000, c. 61, § 7, eff. April 25, 2000.
Formerly Art. 93, § 1-101.
HISTORICAL AND STATUTORY NOTES
Acts 1994, c. 480, § 3, provides:
“SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall be construed only prospectively and may not be applied or interpreted to have any effect on or application to any cause of action arising before the effective date of this Act.”
MD Code, Estates and Trusts, § 1-101, MD EST & TRST § 1-101
Current through legislation effective July 1, 2018, from the 2018 Regular Session of the General Assembly
|End of Document||© 2018 Thomson Reuters. No claim to original U.S. Government Works.|