§ 3-804. Property held by fiduciary
West's Annotated Code of MarylandFinancial Institutions
MD Code, Financial Institutions, § 3-804
§ 3-804. Property held by fiduciary
In the distribution of the general assets of a trust company that dissolves voluntarily, the person who succeeds the trust company as a personal representative, guardian, trustee, receiver, or other fiduciary has a preference for all debts and accounts that are due to or held by it as fiduciary over all other debts and liabilities, including salaries and wages of employees.
Credits
Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.
Formerly Art. 11, § 86.
MD Code, Financial Institutions, § 3-804, MD FIN INST § 3-804
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 |