Md. Code Ann., Est. & Trusts § 4-406
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2020
As of January 1, 2019
Unless a contrary intent is expressly indicated in the will, a legacy of specific property shall pass subject to a security interest or lien on the property which existed at the time of execution of the will or which is a renewal, extension, or refinancing. If a security interest or lien is created or attaches initially after the execution of the will, the legatee is entitled to exoneration.
(a) Unless a contrary intent is expressly indicated in the will, a legacy of specific property shall pass subject to a security interest, lien, or renewal, extension, or refinancing of a security interest or lien on the property that existed at the time of execution of the will.
(b) If a security interest or lien is created or attaches initially after the execution of the will, the legatee is entitled to exoneration.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.