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§ 12-502. Limitation on liability of State

West's Annotated Code of MarylandLabor and EmploymentEffective: July 1, 2016

West's Annotated Code of Maryland
Labor and Employment
Title 12. Maryland Small Business Retirement Savings Program and Trust (Refs & Annos)
Subtitle 5. Limitation of Liability (Refs & Annos)
Effective: July 1, 2016
MD Code, Labor and Employment, § 12-502
§ 12-502. Limitation on liability of State
Currentness
Payment of retirement savings benefit
(a) The State may not be held liable for the payment of the retirement savings benefit earned by Program participants in accordance with this title.
Debts, contracts, and obligations of the Board, Trust, or the Program
(b) The debts, contracts, and obligations of the Board, Trust, or the Program are not the debts, contracts, and obligations of the State and neither the faith and credit nor the taxing power of the State is pledged directly or indirectly to the payment of the debts, contracts, and obligations.

Credits

Added by Acts 2016, c. 323, § 1, eff. July 1, 2016; Acts 2016, c. 324, § 1, eff. July 1, 2016.
MD Code, Labor and Employment, § 12-502, MD LABOR & EMPLY § 12-502
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.
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