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Md. Code Ann., Corps. & Ass'ns § 12-105

Known as the Maryland Statutory Trust Act

The act spans §§ 12–12 (68 sections).

(a) This title shall be liberally construed to give maximum effect to the principle of freedom of contract and to the enforceability of governing instruments.

(b) The presumption that a civil statute in derogation of the common law is construed strictly does not apply to this title.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.