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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
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 May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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