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§ 35-301. Fiduciaries

West's Annotated Code of MarylandState Personnel and Pensions

West's Annotated Code of Maryland
State Personnel and Pensions (Refs & Annos)
Division III. Other Retirement and Pension Provisions [Titles 35-End] (Refs & Annos)
Title 35. Supplemental Retirement Plans
Subtitle 3. Fiduciaries and Investments (Refs & Annos)
MD Code, State Personnel and Pensions, § 35-301
§ 35-301. Fiduciaries
Currentness
Fiduciary defined
(a) In this section, “fiduciary” means a person with discretionary authority or control over:
(1) the management or administration of any of the supplemental retirement plans; or
(2) the management or disposition of the assets of any of the supplemental retirement plans.
Duties and responsibilities
(b) A fiduciary is subject to the duties and responsibilities imposed on fiduciaries by Title 21, Subtitle 2 of this article.
Indemnification and insurance
(c) A fiduciary is entitled to indemnification and insurance as provided under § 21-207 of this article.

Credits

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994.
Formerly Art. 73C, § 8.
MD Code, State Personnel and Pensions, § 35-301, MD ST PERS & PENS § 35-301
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.
End of Document