Public-domain · open source
OpenJurist

Md. Code Ann., Est. & Trusts § 14.5-812

Known as the Maryland Trust Act

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

(a) A trustee is not liable to the beneficiary for a breach of trust committed by a former trustee.

(b) A trustee is liable to the beneficiary for a breach of trust if the trustee:

(1) Knows or should know of a situation constituting a breach of trust committed by a former trustee and the trustee improperly permits it to continue;

(2) Neglects to take reasonable steps to compel a former trustee or other person to deliver trust property to the trustee; or

(3) Neglects to take reasonable steps to redress a breach of trust committed by a former trustee.

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