§ 15-1A-04. Notice of substitution by successor fiduciary
West's Annotated Code of MarylandEstates and Trusts
MD Code, Estates and Trusts, § 15-1A-04
§ 15-1A-04. Notice of substitution by successor fiduciary
(a) When a successor fiduciary is substituted under this subtitle, the successor fiduciary shall send notice to the following persons at the person's last known address:
(b) The notice required under subsection (a) of this section shall be:
(c) The notice required under subsection (a) of this section shall contain:
(d)(1) In this subsection, “interested party” means a person who:
(2) A person entitled to notice under subsection (a) of this section who objects to the appointment of the successor fiduciary may, within 60 days after substitution of the successor fiduciary, file a complaint for removal of the successor fiduciary in the circuit court for the county in which the principal place of business of the successor fiduciary is located.
(i) May appoint a new fiduciary to replace the successor fiduciary if it finds that substitution of the successor fiduciary under § 15-1A-02 of this subtitle will adversely affect administration of the trust, estate, or fund and that appointment of a new fiduciary will be in the best interests of the plaintiff and all other interested parties; and
Credits
Added by Acts 1989, c. 644, § 1, eff. July 1, 1989. Amended by Acts 1991, c. 55, § 1; Acts 2001, c. 669, § 1, eff. Oct. 1, 2001.
MD Code, Estates and Trusts, § 15-1A-04, MD EST & TRST § 15-1A-04
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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