§ 15-1A-01. Definitions
West's Annotated Code of MarylandEstates and Trusts
MD Code, Estates and Trusts, § 15-1A-01
§ 15-1A-01. Definitions
(d)(1) “Beneficiary” means a person who receives or is entitled as a matter of right to receive a current distribution of principal or income from a trust, estate, or fund with respect to which a substitution of a corporate fiduciary is made under this subtitle.
(e) “Capital requirement” means a provision in any court order, statute, regulation, or writing, including a will, trust, or similar document or instrument, that requires a fiduciary to have a specified minimum amount of capital or capital and surplus.
(f) “Corporate fiduciary” means:
(g) “Fiduciary” includes:
(9) A custodian under the Maryland Uniform Transfers to Minors Act;1 and
(h) “Successor fiduciary” means a corporate fiduciary that is substituted for another corporate fiduciary under the provisions of § 15-1A-02 of this subtitle, by reason of:
Credits
Added by Acts 1989, c. 644, § 1, eff. July 1, 1989. Amended by Acts 1990, c. 6, § 2; Acts 1991, c. 207, § 2; Acts 2001, c. 669, § 1, eff. Oct. 1, 2001.
Footnotes
Estates and Trusts, § 13-301 et seq.
MD Code, Estates and Trusts, § 15-1A-01, MD EST & TRST § 15-1A-01
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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