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Md. Code Ann., Est. & Trusts § 14.5-810

Known as the Maryland Trust Act

The act spans §§ 14–14 (103 sections).

(a) A trustee shall keep adequate records of the administration of the trust.

(b) A trustee shall keep trust property separate from the property of the trustee.

(c) Except as otherwise provided in subsection (d) of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.

(d) If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.

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