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§ 15-201. Definitions

West's Annotated Code of MarylandEstates and TrustsEffective: June 1, 2010

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 15. Fiduciaries (Refs & Annos)
Subtitle 2. Maryland Uniform Fiduciaries Act (Refs & Annos)
Effective: June 1, 2010
MD Code, Estates and Trusts, § 15-201
§ 15-201. Definitions
In general
(a) In this subtitle the following words have the meanings indicated.
Bank
(b) “Bank” includes any person or association of persons, whether incorporated or not, carrying on the business of banking.
Fiduciary
(c) “Fiduciary” includes a trustee under any trust expressed, implied, resulting or constructive, executor, administrator, guardian, conservator, curator, receiver, trustee in bankruptcy, assignee for the benefit of creditors, partner, agent, officer of a corporation, public or private, public officer, or any other person acting in a fiduciary capacity for any person, trust, or estate.
Person
(d) “Person” includes an individual, a corporation, government or governmental subdivision or agency, business trust, statutory trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or any other legal or commercial entity.
Principal
(e) “Principal” includes any person to whom a fiduciary as such owes an obligation.

Credits

Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 2010, c. 611, § 2, eff. June 1, 2010.
Formerly Art. 37A, § 1.
MD Code, Estates and Trusts, § 15-201, MD EST & TRST § 15-201
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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