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§ 14.5-812. Liability for breaches of trust

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 8. Duties and Powers of Trustee (Refs & Annos)
Effective: January 1, 2015
MD Code, Estates and Trusts, § 14.5-812
§ 14.5-812. Liability for breaches of trust
Currentness
Former trustees
(a) A trustee is not liable to the beneficiary for a breach of trust committed by a former trustee.
Liability for breaches of trust
(b) A trustee is liable to the beneficiary for a breach of trust if the trustee:
(1) Knows or should know of a situation constituting a breach of trust committed by a former trustee and the trustee improperly permits it to continue;
(2) Neglects to take reasonable steps to compel a former trustee or other person to deliver trust property to the trustee; or
(3) Neglects to take reasonable steps to redress a breach of trust committed by a former trustee.

Credits

Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015.
MD Code, Estates and Trusts, § 14.5-812, MD EST & TRST § 14.5-812
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.
End of Document