§ 14.5-306. Settlor representatives
West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2017
Effective: October 1, 2017
MD Code, Estates and Trusts, § 14.5-306
§ 14.5-306. Settlor representatives
(a) A settlor may:
(b) Notwithstanding subsection (a) of this section, except as provided in § 14.5-303 of this subtitle, a person designated under subsection (a) of this section may not serve as a representative of a beneficiary of a trust if the person serves as a trustee of the same trust.
(c)(1) A representative designated under subsection (a) of this section may be held liable to the beneficiary on whose behalf the representative acts only if:
Credits
Added by Acts 2017, c. 354, § 1, eff. Oct. 1, 2017; Acts 2017, c. 355, § 1, eff. Oct. 1, 2017.
MD Code, Estates and Trusts, § 14.5-306, MD EST & TRST § 14.5-306
Current through legislation effective through May 8, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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