If a trust has two or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the respective interests of the beneficiaries.
Md. Code Ann., Est. & Trusts § 14.5-803
Known as the Maryland Trust Act
The act spans §§ 14–14 (103 sections).
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.