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§ 15-113. Joint and several liability

West's Annotated Code of MarylandEstates and Trusts

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 15. Fiduciaries (Refs & Annos)
Subtitle 1. General Provisions (Refs & Annos)
MD Code, Estates and Trusts, § 15-113
§ 15-113. Joint and several liability
Currentness
An entity that controls, is controlled by, or is under common control with a trust company shall be jointly and severally liable for claims against the trust company when the trust company is acting as a trustee of bond indentures or similar debt issuances, if the trust company:
(1) May exercise trust or fiduciary powers in the State; and
(2) Meets the qualifications under 12 U.S.C. § 1841(c)(2)(D).

Credits

Added by Acts 1993, c. 440, § 1, eff. Oct. 1, 1993.
MD Code, Estates and Trusts, § 15-113, MD EST & TRST § 15-113
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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