Home Table of Contents

§ 14.5-904. Action for breach of trust against a trustee

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2020

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 14.5. Maryland Trust Act (Refs & Annos)
Subtitle 9. Liability of Trustees and Rights of Persons Dealing with the Trustee (Refs & Annos)
Effective: October 1, 2020
MD Code, Estates and Trusts, § 14.5-904
§ 14.5-904. Action for breach of trust against a trustee
Currentness
Limitation
(a) Except as otherwise provided in § 14.5-907 of this subtitle, a beneficiary may not bring a judicial action against a trustee for breach of trust more than 1 year after the date that the beneficiary or the representative of the beneficiary is sent a report that adequately discloses the existence of a potential claim for breach of trust and informs the beneficiary or the representative of the beneficiary of the time allowed for bringing a judicial action.
Disclosure of potential claim
(b) A report adequately discloses the existence of a potential claim for breach of trust if the report provides sufficient information so that the beneficiary or representative knows of the potential claim or should have inquired into the existence of the claim.
Applicability of section
(c) This section does not limit the time for bringing an action against a trustee for breach of trust committed in bad faith or with reckless indifference to the purposes of the trust or the interests of the beneficiaries.

Credits

Added by Acts 2018, c. 260, § 1, eff. Oct. 1, 2018; Acts 2018, c. 261, § 1, eff. Oct. 1, 2018. Amended by Acts 2020, c. 361, § 1, eff. Oct. 1, 2020; Acts 2020, c. 362, § 1, eff. Oct. 1, 2020.
MD Code, Estates and Trusts, § 14.5-904, MD EST & TRST § 14.5-904
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